Showing posts with label Italy's borrowing rates. Show all posts
Showing posts with label Italy's borrowing rates. Show all posts

Sunday, November 27, 2011

European debt crisis escalates in Italy as rates rocket

MILAN (AP) – Italy's borrowing rates skyrocketed during bond auctions Friday, initally battering stock markets in Europe as the continent's escalating debt crisis laid siege to the eurozone's third-largest economy.