Financial Times FT.com

Greece debt crisis

Eurozone issues record €110bn in bonds

By David Oakley in London and Kerin Hope and Dimitris Kontogiannis in Athens

Published: February 1 2010 19:18 | Last updated: February 2 2010 09:31

Eurozone governments have borrowed a record €110bn from the markets so far this year, forcing up borrowing costs for those countries with the weakest public finances as they pay a heavy price for their ballooning debt levels.

Investors warned that the yields, or interest rates, they will demand to lend to Greece and other peripheral economies, such as Portugal, Spain, Ireland and Italy, will continue rising until they are convinced they have put their finances in order.

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