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Italy government borrowing rates hit euro-era high

The Italian government's borrowing cost has risen as fears grow over political uncertainty in Rome.

The yield on Italian 10-year bonds rose from 6.37% to a euro-era high of 6.64%, before retreating to 6.5%.

It is feared that Italy, the eurozone's third biggest economy, could become the next victim of the debt crisis.

Prime Minister Silvio Berlusconi faces a crunch vote on public finance on Tuesday, as Robert Peston reports.

  • 07 Nov 2011
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