Europe

For the first time, Western European government bonds are riskier than their Eastern European counterparts as borrowing from the eurozone is expected to reach euro1.1 trillion (USD1.4 trillion) this year, Bloomberg reports.

The Markit iTraxx SovX Western Europe Index of credit default swaps, which insures the debt of 15 countries, including Germany, Greece and Portugal, climbed to 7 basis points more than the Markit iTraxx SovX CEEMEA Index linked to Romania, Turkey and Ukraine, according to data provider CMA.