A sudden sell-off in Greek sovereign bonds yesterday has pushed up the cost of borrowing for the embattled state to record levels, casting doubts on its ability to refinance up to €15bn of debt over the next two months, reports The Times.
The surge in Greek bond yields, which reached 7.1%, prompted the finance minister to warn the present interest rate burden was unsustainable. The renewed fears about the Greek finances hit the euro, which fell against the dollar. Read more BORROWERS with one of Britain's biggest banks could have money from their savings raided to pay off their debts, reports the Daily Mail. Spanish-owned Santander will be able to take cash owed for debts with Abbey from savings and current accounts held by the same customer at Alliance & Leicester (A&L). The same will also apply for A&L borrowers ...
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