Iseq, euro slide after record Italian bond prices

European shares, including the Iseq index, slid as Italy’s borrowing costs rose to record levels in a bond-auction today.

14th November, 2011

European shares and the euro declined as Italy’s borrowing costs increased to a euro-era record of 6.3 per cent at an auction today, deepening concern Europe will struggle to contain its debt crisis.

Italy’s borrowing costs rose after the nation sold €3 billion of bonds at a euro-era record yield. Markets initially climbed after Mario Monti, a former European Union competition commissioner, was appointed Italy’s new prime minister.

In Dublin,...

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