The next crisis candidate: Italy
Economy The next crisis candidate: Italy After Spain, Italy is now under increased pressure. The Austrian finance minister believes the eurozone’s third-largest economy will have to ask the EU for financial help. Following Spain’s financial tribulations, it is now Italy’s turn. The eurozone’s third-largest economy will be forced to ask the EU for financial help, [...]
Spain’s borrowing costs have risen to the highest rate since the launch of the euro in 1999. The benchmark 10-year bond yield hit 6.81%, as optimism about the weekend’s Spanish bank bailout continued to evaporate. Italy’s 10-year bond yield rose to 6.28%, a rate not seen since January, as concerns about its finances rose. The [...]
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The head of Nigeria’s stock exchange regulator, Arunmah Oteh, has been suspended pending an investigation into allegations of malpractice. The decision of the regulator’s board comes after a parliamentary committee recommended she be investigated. Ms Oteh was given the job of cleaning up the stock exchange following a crisis in 2009 which saw stocks lose [...]
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