Portugal bonds spark fresh bailout fears
Friday 11 February 2011 - by Andrew Hickley
Fresh fears have been raised about the potential for a Portuguese bailout after the European Central Bank was forced to abandon its stance against intervening in the bonds markets as yields soared to record highs.
Following a visit with the CRIS committee to the country, he revealed his impression that the country is determined to "go it alone" instead of reaching for a bailout.
The news also saw a fall in the euro by 1 per cent to $1.36 against the dollar, and 0.9 per cent to £0.84 against the pound.
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