Italian Debts Plunge Eu Into Further Crisis

Summary


THE eurozone crisis moved into dangerous new waters as Italy's borrowing costs hit "unsustainable" levels.

The FTSE 100 Index was 2% lower as Italian 10-year bonds soared past the 7% mark - matching the levels which pushed Ireland and Portugal into multibillion-pound bailouts from the EU and IMF.

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Italian Debts Plunge Eu Into Further Crisis

The rise - a sign that investors have lost confidence in the country's creaking finan...

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