REUTERS
Despite newly announced bailout measures...markets continue to be skeptical about attempts to erect firewalls around some highly indebted nations...especially Italy...with its E1.9tn of debt...no growth...and slow walking of structural reforms promised by troubled PM Berlusconi.
Italy's cost for borrowing hit a record auction high...with Roma forced to pay 6.06% to borrow for 10 years...the most since the euro was created in 1999.
Its rate a month ago was 5.86%.
It only sold E7.9bn of a proposed E8.5bn/$12.1bn in 10 year benchmark bonds.
An interest rate of 6% or above is considered by economists to be unsustainable and dangerous.
Popular Posts
- KYRGYSTAN / CANADA : 3 MPs Arrested After Violent Gold Mine Protest.
- SERBIA / LIBYA : Are Serbian Mercenary Pilots Bombing Protestors In Tripoli?
- PERU: Voters Feel Like They Must Choose Between...Hitler And Darth Vader; Smears Increase Before Vote.
- HUNGARY: 23 April UPDATE: Hungary Denies Threat To Roma After Red Cross Evacuates 277 Roma From Gyongyospata...Fearing Vigilantes.
- BRASIL:1ST UPDATE: Natives Protesting Hydro Plant Release 5 Of At Least 155 Hostages.
- ITALY : Oh, No! Silvio's Spectre Returns.
- POLAND: Chopin Contest Attracts Young Asian Pianists.
- 11,000 Homeless in Buenos Aires
- BRASIL / VENEZUELA: Dilma Offers Hugo Her Best Cancer Specialists.
- NYTimes' Nocera Rips a New One...for Wm. Ackman