Italy government borrowing rates hit euro-era high

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The Italian government's borrowing cost has risen as fears grow over political uncertainty in Rome. The yield on Italian 10-year bonds rose from 6.37% to a euro-era high of 6.64%, before retreating to 6.5%.

It is feared that Italy, the eurozone's third biggest economy, could become the next victim of the debt crisis. PM Silvio Berlusconi faces a crunch vote on public finance on Tuesday.




bbc