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Portugal bond auction raises 1.25bn euros
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Author:  tanqing369 [ Thu Jan 13, 2011 4:09 am ]
Post subject:  Portugal bond auction raises 1.25bn euros

coach bags sale report,The sale was seen as a measure of Lisbon's ability to raise funds on the financial markets after its debt and deficit problems raised the amount it had to pay to borrow cash.

"But even with this auction, most now consider it a question of when, not if, Lisbon will join the list of eurozone governments turning to Europe and the IMF for emergency support," said BBC economics editor Stephanie Flanders.
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"European policy makers - and investors - worry about a Portuguese bail-out, not because of any inherent concern for that country, but for what it symbolises - and for what might happen next."
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