Daily Archives: April 5, 2011

It has been more than a week since European presidents and prime ministers signed off on a raft of measures to shore up the eurozone’s debt-ridden peripheral economies, but so far the markets haven’t responded the way most leaders hoped – particularly in Portugal, where the ongoing political turmoil has driven borrowing costs to euro-era records just as the country needs to dip back into the market.

There have also been some rather unusual public recriminations from top European Union leaders who feel the so-called “grand bargain” did not go far enough, including Jean-Claude Trichet, president of the European Central Bank, and José Manuel Barroso, the European Commission president. Read more