Italy borrowing costs hit record 7%
Italy's cost of borrowing has touched a new record, a day after Prime Minister Silvio Berlusconi said he would resign once budget reforms are passed.
The yield on 10-year government bonds reached more than 7%, the highest since the euro was founded in 1999.
The BBC's Economics editor Stephanie Flanders explains why Italy's debt problem is escalating.
09 Nov 2011
- From the section Business