06.07.2012
By Simon Miller
Spanish bond-yields have risen up to the danger zone of 7% as market hopes of a euro-fix fade.
As the markets head into the weekend break, Spain's benchmark 10-year bond hit 7.3% today before settling around 6.943 at 15.30 BST.
Italian yields were also up, hitting 6.07 before coming down to 6.007.
The yield rises come as Finland warned it could leave the eurozone rather than pay other countries' debts.
Speaking to Finnish paper Kauppalehti, the country's finance minister Finnish finance minister Jutta Urpilainen said Finland was committed to being a member of the eurozone but "Finland will not hang itself to the euro at any cost and we are prepared for all scenarios".
She said Finland would not agree to an integrated model where countries were collective responsibility for other member states' debts and risk while the proposed banking union would not work if it was based on joint liability.
Urpilainen added: "Collective responsibility for other countries' debt, economics and risks; this is not what we should be prepared for."
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