| Portugal’s Credit Rating Cut to Junk by Fitch
Portugal’s credit rating has been lowered one level to BB+ with a negative outlook by Fitch due to a rising debt level and weakening economy.
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Exclusive: ECB mulls ultra-long loans to help banks
The ECB is considering extending the terms of bank loans to 2 or 3 years to prevent a credit crisis.
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UK borrowing costs drop below Germany
10-year UK gilts fell below comparable German bunds for the first time since 2009 following Germany’s disappointing bond sale.
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Germany again rejects Euro-Bond idea
German economics minister Phillip Rösler has again rejected the idea of common Eurozone bonds
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Monti may press Merkel, Sarkozy on budget goals
Italian Prime Minister Mario Monti may request an easing of Eurozone budget goals
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Dexia using emergency liquidity facilities: source
The Franco-Belgian bank is accessing emergency liquidity facilities in Belgium, France, Spain and Italy
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