iBankCoin
Joined Nov 11, 2007
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Austrian Minister Says Italy Too May Need Bailout

“VIENNA/ROME (Reuters) – Raising the stakes in Europe’s debt crisis, Austria’s finance minister said Italy may need a financial rescue because of its high borrowing costs, drawing a furious rebuke on Tuesday from the Italian prime minister.

Maria Fekter’s assessment of the euro zone’s third largest economy amplified investors’ fears that Europe is far from ending 2-1/2 years of turmoil.”

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