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Italy's borrowing costs at euro-era highs

Italy's borrowing costs at euro-era highs

Italy has come under fresh market pressure to deal with its mountain of debts as the country's cost of borrowing spiked to a euro-era high.
The yield on Italy's ten-year bonds jumped another 0.33 percentage point Monday to 6.58 percent, its highest level since the euro was established in 1999.
Italy, which is the eurozone's third-largest economy and has debts worth 120 percent of national income, is increasingly at the forefront of investor concerns over Europe's debt crisis.
In light of the ratcheting up of the pressures on the country, the government of Silvio Berlusconi is looking increasingly shaky and the possibility of early elections is growing...
Berlusconi is insisting that his coalition still commands enough support in Parliament to enact austerity measures.


Updated : 2021-04-13 10:09 GMT+08:00