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Crisis ramps up as markets punish Italy

Crisis ramps up as markets punish Italy
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First Published: Fri, Nov 25 2011. 10 51 PM IST

Tough time: Italian Prime Minister Mario Monti. Photo: Alessandro Bianchi/Reuters
Tough time: Italian Prime Minister Mario Monti. Photo: Alessandro Bianchi/Reuters
Updated: Fri, Nov 25 2011. 10 51 PM IST
Tough time: Italian Prime Minister Mario Monti. Photo: Alessandro Bianchi/Reuters
Frankfurt: Italian two-year and five-year government-bond yields soared to euro-era highs Friday as investors began giving up on the euro zone’s ability to break the political gridlock that is blocking a more decisive response to the currency bloc’s debt crisis.
Italian two-year and five-year yields climbed to 7.7% and 7.8%, respectively, and the 10-year yield moved further above the key 7% mark to 7.3%.
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The Wall Street Journal
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First Published: Fri, Nov 25 2011. 10 51 PM IST
More Topics: Italy | Europe Debt Crisis | Markets | CAC | DAX |