Fears over Portugal caused the cost of insuring European sovereign debt against default to rise to a new high. Portugal, Spain and Greece are all issuing bonds this week.
According to the article Germany and France are urging Portugal to use the protection of Europe’s new bailout facility as they think Portugal could get the cold shoulder from the capital markets.
dandare | Published 
Europe Default - Insurance Costs Rise - MarketBeat - WSJ
Posted by dandare (#1) 390 days ago (http://blogs.wsj.com)Flow of credit to businesses fell for second consecutive month
Posted by dandare (#1) 929 days ago (http://www.guardian.co.uk)
Bank of England says net lending to business dropped by £3.4bn in May after a drop of £6bn in April.
Dexia receives €6.4bn capital injection
Posted by dandare (#1) 1223 days ago (http://www.ft.com)
Belgium and France to bail out Dexia, world’s biggest lender to local governments
Mortgage repayment help and advice offered by FSA
Posted by dandare (#1) 1431 days ago (http://www.sellendowments.com)
Fears that many will be unable to meet repayments or get re mortgaged the FSA will offer mortgage repayment help and advice.
BBC NEWS | Business | Plan to save bond insurer Ambac
Posted by dandare (#1) 1431 days ago (http://news.bbc.co.uk)
Ambac has confirmed a $1.5bn plan to preserve its AAA credit rating
Commentary on Bernanke report on monetary policy, particularly "I don't anticipate stagflation
Fed Announces March Auctions
Posted by dandare (#1) 1436 days ago (http://ap.google.com)
Announcement that Fed will make $30 billion available to banks with problems due to the credit crisis. Auctions will be continued every two weeks "f
Fitch may cut ratings on some insured mortgage bonds
Posted by dandare (#1) 1501 days ago (http://uk.reuters.com)
Fitch to cut ratings on a number residential mortgage-backed securities insured by MBIA Inc, Ambac Assurance Corp, FGIC Corporation and Security
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