Tue, 14 Aug 2012 13:45:01 GMT
Italy's public debt reached new record highs
As
reported by the Bank of Italy, nation's public debt rocketed to an all-time
high of around 2 trillion euros. The Italian public debt rose by 6.6 billion
euros at the end of June, pushing government's borrowing costs closer to 6%
level, despite implemented austerity measures. Moreover, Italian economy
diminished by 0.7 per cent in the Q2, and erased 2.5 per cent compared to a