Recent activity indicators confirm that while, the euro-zone recovery is slowing, it has by no means ground to a complete standstill. Nonetheless, news on the periphery remains grim. This, coupled with rising concerns over whether political pressures will prevent Governments from implementing additional austerity measures, has prompted a renewed rise in peripheral government bond yields. These further rises increase the chances of the likes of Ireland or Portugal eventually being forced to seek financial assistance from the EU and IMF.
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