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Greek rescue doubts fuel yields rise

Greece's borrowing costs rose to a record high yesterday amid concern in financial markets over the differences between eurozone countries on the details of any rescue.

The interest rate premium Athens pays over benchmark German bonds rose to more than 4 percentage points, its highest level since Greece joined the eurozone.

Greek 10-year borrowing costs touched a high of 7.161 per cent, up more than half a percentage point on the day, before closing at 6.995 per cent.

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