Euro crisis to worsen $25bn Gulf debt burden - The National

European bond and stock markets suffered a further fall yesterday as Gulf companies were warned they faced growing refinancing risks linked to US$25 billion (Dh91.8bn) in debt due next year.

Yields on euro-zone sovereign debt widened further, reflecting investors' concern that the European crisis may spread.

Spanish bond yields reached 6.98 per cent, their highest level since 1997, at a 10-year auction. A French bond auction also reported elevated yields while stock markets declined across Europe.

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