Financial Markets Giving Thumbs Down To Austerity

Financial Markets Giving Thumbs Down To Austerity

Financial Markets Giving Thumbs Down To Austerity

Moneybox
A blog about business and economics.
Nov. 21 2011 8:09 PM

Financial Markets Giving Thumbs Down To Austerity

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Spain's new boss.

Photo by JEAN-CHRISTOPHE VERHAEGEN/AFP/Getty Images

"Spanish borrowing costs approached their highest levels since the European debt crisis began. Italy's 10-year yield continued to rise, as did yields for Portugal, Ireland and Greece. The yields on the highest-rated European bonds also pushed upward, with the Netherlands, Austria, Finland and France all rising," Matt Phillips and Jonathan House for The Wall Street Journal.