Portugal Has Opened Pandora's Box, And Borrowing Costs Are Blowing Out Today

"The chart below shows the yield on Portugal's 10-year government bond. Today alone, it's up a massive 55 basis points to 7.24%, the highest level since December.

The country has descended into political crisis over the implementation of austerity measures designed by troika creditors at the EU, IMF, and ECB.

This morning, it's been reported that the opposition is calling for a renegotiation of the terms of Portugal's bailout package..." 

at http://www.businessinsider.com/portugals-borrowing-costs-blowing-out-2013-7#ixzz2YrBLbeeR