Italian debt sells at record levels in high volumes

Italy's borrowing costs surged to 8 percent in its latest auction of three year bonds. Most analysts would see that as an unsustainable level over a long time, driving the country's debt burden out of control. Greece, Ireland and Portugal were forced to seek bailouts from the EU and IMF when their bond yields rose about 7 percent. Only a month ago, Italy had paid just under 5 percent to sell ... http://www.euronews.net/