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Italian, Spanish, Belgian Bonds Fall on Euro Debt-Plan Concern

From businessweek.com

Italian, Spanish and Belgian bonds declined amid concern European leaders are struggling to put together a sufficient bulwark to halt the spread of the region’s debt crisis. The five-year Italian yield rose to the highest since the euro was introduced in 1999 as Prime Minister Silvio Berlusconi said he alone can deliver the country’s promised deficit cuts. Spanish 10-year rates reached the most since Aug. 8 as China’s Xinhua News Agency said the Asian nation can’t play the role of “savior” to Europe. Belgian bonds fell before the nation sells debt. European leaders agreed at a summit last week to boost the region’s ... (full story)

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