Article 2BV55 Greece's debt costs rise sharply as worries grow over IMF role

Greece's debt costs rise sharply as worries grow over IMF role

by
Katie Allen and Graeme Wearden
from on (#2BV55)

Investors worried by fund's warnings country's debt burden is unsustainable and reported split over joining latest bailout

Fresh worries over Greece's debts have pushed the country's borrowing costs sharply higher amid renewed insistence from Athens it will not swallow further austerity demands from international lenders.

The yields on two-year government bonds jumped to their highest level since last June and went above 10% to reflect growing anxiety on financial markets over Greece's ability to keep up to date with debt repayments. Yields on 10-year government bonds were also higher at above 7.8%, the highest close since November.

Related: Greek debt crisis: an existentialist drama with no good end in sight | Larry Elliott

Related: Grexit? Greece again on the brink as debt crisis threatens break with EU

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