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Saturday 10 June 2023 Dublin: 15°C

# Borrowing Costs

All time
# Borrowing Costs
One stunning Irish bond chart tells the whole story
“What a ride…”
# Eurozone
S&P downgrades Spain two notches
Spain’s sovereign debt rating has been cut to just one level above “junk” grade debt – which could see Madrid’s borrowing costs skyrocketing to untenable levels.
# Rain on our parade
S&P: Return to markets is promising - but we won't increase Ireland's rating
The return to the bond markets is “an indication of progress”, it says – but the cost of borrowing is still way too high.
# Eurozone
Germany rejects notion that Europe's bailout fund could buy Spanish debt
Despite promises, no green light has been given to any specific action.
# Debt Crisis
Brussels and Berlin: 'No news' on potential Spanish request for bailout
Both the European Commission and the German government say Spain has not made a formal application for EU funding.
# Spanish economy
Spain: We're being frozen out of markets, and we need help now
The Spanish treasury minister says Spain “doesn’t have the market door open”, at a time it needs cash to help its banks.
# Eurobonds
Not for turning: Germany says eurobonds are 'completely inappropriate'
A spokesman for Angela Merkel has reiterated the Chancellor’s opposition to the pooling of eurozone debt, an idea gaining growing support among other eurozone nations.
# Italy
'Super Mario' encouraged by drop in Italy's borrowing costs
But Italy’s prime minister warned that the turbulence affecting his country and the wider eurozone is not over.
# Markets
Cost of Italian borrowing falls
The markets are looking a little better today.
# Italy
Italian borrowing rates hit new high as shares fall across Europe