Surging bond yields fuel fresh fears over Greece

A surge in Greek bond yields has underscored growing concern about political stability in Athens ahead of local government elections on the 7 November 2010.

Yields on Greek 10-year bonds spiked to 11.34% on the 5 November 2010, approaching the historic highs of May 2010 when the country had to be bailed out by the European Union and International Monetary Fund to avert a sovereign default.

ESO: Background information: Papandreou raises stakes in local elections http://www.europeansources.info/record/papandreou-raises-stakes-in-local-elections/

ESO: Background information: The Greek debt crisis of 2010 http://www.europeansources.info/record/the-greek-debt-crisis-key-sources/

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