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Fears rise as EU nations aim to raise borrowing

Financial Times

By David Oakley, Capital Markets Correspondent

Published: September 5 2010 12:37 | Last updated: September 5 2010 20:16

The eurozone debt crisis is about to enter a critical phase as governments prepare to step up borrowing in the capital markets to fund their faltering economies.

Some strategists are warning that some of the weaker economies could fail to raise the amount of money they need as eurozone governments attempt to issue double the amount of debt this month compared with August.

Spain, Portugal and Ireland , so-called peripheral eurozone economies, are considered most in danger of being shunned by investors as worries persist over the health of their banks and economies.

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