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Italian Fin. Min. meets eurozone chief after bond yields hit new high

08-04-2011 09:04 BJT

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One day after yields on Italian and Spanish bonds hit new highs, Italy's Finance Minister Giulio Tremonti rushed to Luxembourg on Wednesday for talks with eurozone chief, Jean-Claude Juncker.

European markets have shown signs of mounting fear that an economic slowdown will hurt Italy's chances of dodging Europe's debt crisis. Prime Minister Silvio Berlusconi is about to address the parliament on the state of the economy.

Italian Premier Silvio Berlusconi, left, touches the head of Finance
Minister Giulio Tremonti after addressing the Parliament on the state
of the economy in Rome, Wednesday, Aug. 3, 2011.

Local residents are worried, but remain hopeful over escalating market turmoil, which has brought the country to the edge of a Greek-style financial crisis.

Italian Finance Minister Giulio Tremonti rubs his eyes during a discussion inside
the Parliament in Rome in July 2011.

 

Luxembourg Prime Minister Jean-Claude Juncker. Italy's finance minister holds
crisis talks in Luxembourg Wednesday with eurozone chief Juncker, as Europe's
biggest debtor after Greece faced meltdown on money markets.

 

Editor:Li Wanran |Source: CNTV.CN

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