Berlusconi address to MPs on Italian economy
Prime Minister Silvio Berlusconi is addressing parliament, as concerns mount over the Italian economy.
A 43bn-euro ($62bn; £38bn) austerity package was approved last month, but there is some doubt about whether Mr Berlusconi's government can implement the cuts.
Yields on Spanish and Italian 10-year bonds hit their highest levels since the launch of the euro on Tuesday, meaning that it would cost both countries' governments more to borrow money if they wanted to.
03 Aug 2011
- From the section Europe