ITALIAN INTEREST RATES movin’ on up. “Italy has had to pay much more to borrow than a month ago as investors continue to worry about its huge debts. Italy had to pay an interest rate of 4.8% to sell 3.5bn euros ($5bn; £3.1bn) of three-year bonds – up 1.1 percentage points from June.” This sort of thing tends to feed on itself.
InstaPundit is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.