Sovereign CDS Soar For Big Eurozone Countries
By David Oakley and Keyur Patel
Published November 16 2011 FT
The cost to insure eurozone debt against default soared to record highs for most of the leading economies amid growing fears over the single currency. The jump in credit default swap prices on Tuesday came as the extra cost to swap euros for dollars jumped to highs last seen in December 2008 when many markets had seized up in the wake of the collapse of Lehman Brothers.
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