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Italy Borrowing Rates Hit 6.21%, Highest in Ten Years

Borrowing rates of Italy touched new highs on Wednesday.Premier Silvio Berlusconi will address parliament on the status of economy but the opposition parties are saying that his inefficient economic...

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Italy and Spain Issues New Austerity Measures to Fight Debt Crisis

Italy and Spain have started their battle against increasing debt crisis. To lead their battle, both the countries have issued some new austerity measures, which according to them, would be serving...

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Italy and Spain Seeking European Central Bank’s Help

Recession has pushed Italy and Spain to take financial aid of the European Central Bank. However, the European Central Bank has asked them to place austerity plans before getting the bailout. At...

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