Markets

Italy issues 7.85bn euros in bonds at sharply higher rates

Published September 29, 2011 Updated September 29, 2011 10:24am

Although Rome adopted a second draconian austerity package in mid-September which aims to reduce the country's vast debt -- around 120 percent of Gross Domestic Product -- by 2013, investors show little faith in the government.

Copyright AFP (Agence France-Presse), 2010