Insurance rates on the debt of Irish and Portuguese governments, as measured by rates in the market for credit-default swaps, also climbed to record highs. In addition, Spain struggled to kindle investor interest on its auction of bonds, selling 2.8 billion euros ($4 billion), missing its top target
“The period is resembling the build-up to the Lehman collapse where, although markets were increasingly nervous, virtually everyone expected a last-minute buyer.”
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Greece-Germany tension rises, reflects wider European rift
http://www.ft.com/intl/cms/s/0/797e0928-9848-11e0-ae45-00144feab49a.html
Worries Grow About Breadth of Debt Crisis (Published 2011)
Uncertainty Over Greece Weighs on Markets (Published 2011)
