Saturday April 4, 2020

Italy moves into crosshairs as Spanish rally fizzles out

The €100 billion rescue for Spain’s banks moved Italy to the front line of Europe’s debt crisis, as the country’s bonds slumped on concern it may be the next to succumb.

11th June, 2012
"Italy has not been a master of its own fate for a long time," said one analyst.

The €100 billion rescue for Spain’s banks moved Italy to the front line of Europe’s debt crisis, as the country’s bonds slumped on concern it may be the next to succumb.

Italy’s 10-year bonds reversed early gains today in the first trading after the Spanish bailout. Their yields rose by the most in a day since December 8th, adding climbed 27 basis points to 6.04 per cent.

“The scrutiny...

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