CDS spreads in holding pattern as row delays eurozone deal
Spreads flat or slightly tighter despite political squabbling over size of EFSF
Credit default swap (CDS) spreads held steady across Europe today, despite a delay in negotiations between European politicians about how to shore up indebted sovereigns.
The delay is being chalked up to a dispute between German chancellor Angela Merkel and French president Nicolas Sarkozy. The two leaders are taking the lead in efforts to solve the sovereign debt crisis, but are reportedly struggling to agree on how to use the eurozone's existing bail-out vehicle, the European Financial
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