EU summit endorses reform measures; Portugal overshadows as Irish 10-year debt yield hits 10.2% - - Spain’s at 5.2%
Mar 25th, 2011 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
A summit of European Union leaders endorsed a package of measures to shore up the euro, in Brussels on Thursday but the event was overshadowed by the collapse of Portugal's government on Wednesday night after the parliament in Lisbon rejected a fourth austerity plan. Meanwhile, also on Thursday, yields on Irish 10-year sovereign debt hit a euro era record of 10.2% compared with Spain's more modest level of 5.2%.