Eurozone crisis: Italian bond yields back over 7%

November 15, 2011 08:53

France’s AAA rating ‘at risk’ – Late last week, the level had soared to above 7%, the rate at which Greece, Ireland and Portugal were obliged to seek emergency bailouts from the EU. – BBC News

BBC News


Mr Monti, an unelected technocrat and former EU commissioner, has said he will “act with urgency” to address Italy’s deep-rooted economic problems.

The Italian bond rate reached a record of 7.48% last Wednesday, draining investor confidence and hastening the departure of Silvio Berlusconi. Lenders worry that the government may not repay its debts.


Help Make A Difference By Sharing These Articles On Facebook, Twitter And Elsewhere: