Borrowing Blow For Italy: Bond Yields Surge

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sasguru replied

9 November 2011, 14:13
We know you're slow but DKUATB
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scooterscot started a topic Borrowing Blow For Italy: Bond Yields Surge

9 November 2011, 14:09
Borrowing Blow For Italy: Bond Yields Surge

Italy Bond Yields Rise Above 7% Despite Silvio Berlusconi Agreeing To Quit After Budget Vote | World News | Sky News

Exactly what salacious piece of information was made available to the markets about the Italian government's ability to repay debt in the past 24 hours that justified this increase in the cost of borrowing? Surely the markets base their rates on ability and not hearsay or indeed is this a prime example of fear fuelling fear?

If the later the UK need better look out while a vast mountain of debt remains we'll have little control if the spotlight chooses to fall on us.
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