Portugal’s debt auction raises concern

Article reports that Portugal was forced to pay borrowing costs for new debt on the 9 June 2010 at levels that could force the country to turn to its European partners for emergency funding, according to analysts.

ESO: Background information: Deal on mechanism for eurozone rescue package http://www.europeansources.info/record/deal-on-mechanism-for-eurozone-rescue-package/

ESO: Background information: Portugal halts large-scale projects http://www.europeansources.info/record/portugal-halts-large-scale-projects/

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