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Storm clouds loom once again over the eurozone. Interest rates on Portuguese, Irish and Greek government bonds are continuing to rise. Ten-year bond yields for Ireland reached a record 7.75 per cent on Monday, while for Portugal they were 6.67 per cent. The ECB started buying bonds again after several weeks’ abstention. There was some… » read more

The markets have been bowled over by the scale of the eurozone bail-out package announced this morning, after agreement by G-7 finance ministers, the European Commission, the 16 eurozone governments and the International Monetary Fund. An emergency funding facility of up to €720 billion is designed to protect weaker eurozone members and save the integrity… » read more

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