Europe: Bond Refinancings Outweigh Deficit Reduction Plans

Oct. 4 (Bloomberg) — Record refinancing needs for Europe’s highest-deficit nations may overshadow spending cuts next year and increase the risk that more countries will follow Greece in requiring a rescue to avoid default. Euro-region governments have to repay 582 billion euros ($803 billion) of debt in 2011, up from 521 billion euros this year, [...] continue reading world news