Paying the price for debt

With Greece in a fiscal crisis, the nation's debt is viewed as increasingly risky - and the impact is increasingly spreading far beyond the Mediterranean nation. The Greek crisis has sparked deeper worries about other countries with heavy debt loads and shaky economies, especially Spain, Portugal, Ireland and Italy. The interest rate they must pay to borrow money has risen sharply relative to that paid by fiscally conservative Germany in recent weeks, if less dramatically so than the Greeks.


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