Pressure on peripheral eurozone debt markets intensified as the closure of US markets for the Thanksgiving Day holiday made for a thinly traded session elsewhere.
Analysts said the already nervous mood among eurozone investors had not been helped by comments from various European policymakers.
“In particular, Angela Merkel and Axel Weber were again stressing the importance of enshrining private sector involvement in the permanent bail-out mechanism currently being negotiated to replace the current ad hoc system based around the European Financial Stability Facility,” noted Daiwa Capital.
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