Moneybox

Financial Markets Giving Thumbs Down To Austerity

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.