Italy issues 7.85bn euros in bonds at sharply higher rates

MILAN: The Italian Treasury issued 7.85 billion euros worth of bonds on Thursday with sharply higher interest rates, acc

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

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