Portugal is latest flash point as fear of default in eurozone grows:

The cost of insuring Portugal's sovereign debt reached an all-time high as investors became more concerned about a high level of public-sector debt in the eurozone. Yields on Portugal's 10-year bonds rose to their highest level in almost a year. Last week, the government announced that the budget deficit for 2009 amounted to 9.3% of GDP, much higher than it had expected.

View Full Article in:

Financial Times (tiered subscription model) · Telegraph (London) (tiered subscription model), The · EUObserver (Brussels)

Published in Brief: