Economic pain continues for Ireland

The Irish government will test the markets today with a 1.5bn euro bond sale.

It is being seen as a key test of investor confidence, at a time when concerns are growing once again over the country's ability to raise cash and service its debts.

On Monday, yields on Irish government bonds hit new records, raising fears that Europe could soon be facing a renewed sovereign debt crisis.

Theo Leggett reports.

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