Italy
Nine eurozone countries have credit ratings cut by S&PFriday 13th took on nightmare proportions for the eurozone as the euro debt crisis moved up a notch after Standard & Poor cut the credit rating of nine countries. |
Fitch says Italy's credit rating likely to be downgradedRating agency Fitch warns that Italy is likely to be downgraded by the end of January citing its high debt and a lack of a plan to tackle the euro debt crisis. |
Italy's borrowing costs halve – but ECB deposits show distrust among banksThere has been mixed news from the eurozone this week, with conditions easing for Italy but distrust appearing to grow between the banks of different countries. |
Euro debt crisis – A summary of recent eventsWhat's the latest in the Euro debt crisis? If you're looking for a quick summary of recent developments, click here. |
EU cuts eurozone growth forecast for 2012 to just 0.5%The European Union has cut the growth forecast for the eurozone in 2012 from 1.8 per cent to just 0.5 per cent due to concerns over a lack of growth and another recession. |
Italy on the brink as bond yield surges to unsustainable 7.4%Yields on benchmark Italian 10-year bonds rose dramatically this morning despite Prime Minister Berlusconi's pledge that he will step down when budget reforms are passed. |
Berlusconi will resign after budget reforms passedThe Italian Prime minister, Silvio Berlusconi has announced he will resign after budgetary reforms are passed over the next few weeks. |
Italy's borrowing costs rise close to bailout territoryThe yield on Italian 10-year government bonds has risen to 6.66 per cent, a record level since the Euro was introduced in 1999, fueling concerns Italy may need a bailout. |
Italian debt reaches record level for euro era of 6.06%Despite an agreement to contain the euro debt crisis being agreed this week the latest auction of Italian ten-year bonds saw Italy charged a record rate of interest. |
Fitch downgrades Spanish and Italian government debtCredit ratings agency, Fitch, has announced that it is downgrading Italy and Spain's government debt because of the increased risk the euro debt crisis has bought. |
S&P's Italian downgrade does not affect markets in early tradingThe downgrade of Italy's sovereign debt rating does not appear to have affected stockmarkets in early trading this morning. |
CEBR: Realistically, Italy is bound to defaultThe Centre for Economics & Business Research (CEBR) has sketched out "good" and "bad" outcomes for the economies of Italy and Spain and concludes that Italy looks set to default but Spain may avoid a default. |
Stock market plunges amid Italian and Spanish sovereign debt fearsGlobal stock markets have fallen amid concerns that yields on both Italian and Spanish bonds have increased to a level where the two countries may not be able to service their debts and require a bail-out. |
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