InfoAnda - Italy's debt reaches record 1.8 trln euros

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

California braces for the Big One with fake quake | 22 October 2010
Top chefs pay tribute to Spain's Santamaria | 17 February 2011
China slams Christian Bale for creating news | | 22 December 2011

Commodities Prices Fall On Chinese Interest Rates Fears | 13 November 2010

Forum Views () Forum Replies ()

Read more with google mobile : Italy's debt reaches record 1.8 trln euros

Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search ADVERTISEMENT Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Photos Sitemap Italy's debt reaches record 1.8 trln euros AFP - Tuesday, June 15 Send IM Story Print Italy's debt reaches record 1.8 trln euros MILAN (AFP) - – Italy has a record public debt of 1.813 trillion euros, an increase of 0.8 percent in a month, the Bank of Italy warned on Monday, three weeks after the centre-right government acted to cut overspending. In March, the figure stood at 1.797 trillion euros (2.2 trillion dollars), the central bank said when issuing data for April, without indicating the percentage of gross domestic product that the latest figure represents. Last year public debt reached 115.8 percent of GDP, and it is forecast to rise to 118.4 percent this year. In a bid to clean up public finances and reassure the markets, the centre-right government of Prime Minister Silvio Berlusconi last month approved an austerity package totalling 24.9 billion euros for 2011 and 2012. The measures are expected to bring the deficit's percentage of GDP down to 2.7 percent in 2012 -- within the three percent required by the European Union -- from the current 5.3 percent. Among other measures, Italy's government will freeze public sector salaries for three years, step up its fight against tax evasion and cut ministerial budgets by 10 percent. The central bank however warned last week that the plan could reduce growth. In May, the government lowered its growth forecast for 2011 to 1.5 percent from 2.0 percent. The government expects output to grow by one percent in 2010 and by 2.0 percent in 2012. The public debt last spiked in October 2009, when it stood at 1.802 trillion euros. The Bank of Italy also said tax receipts fell back 1.8 percent to 104.7 billion euros in the first four months of the year compared with the same period in 2009. Last week a bond issue attracted strong market interest though Italy had to pay some investors higher rates, reflecting strains in the financial markets caused by the European debt crisis. The Bank of Italy said bids worth 10.15 billion euros were submitted for the three billion euros of three-month government notes it offered. For 5.5 billion euros in one-year notes, bids totalled 12.96 billion euros, it said, with the amount raised meeting its maximum target for both issues. However, the average interest rate paid on the three-month notes more than doubled to 0.836 percent from 0.409 percent at the last offer of this maturity, reflecting prevalent "risk aversion," an analyst said. On the one-year notes, the average interest rate eased to 1.377 percent from the previous 1.442 percent. "Fundamentally, Italy's debt (paper) is one of the more attractive among the eurozone periphery countries," the analyst said. Unlike Spain, Portugal, Greece and Ireland, which have all been forced to take drastic austerity measures to put their public finances in order, Italy has largely kept its budget deficit under control during the crisis. Recommend Send IM Story Print News Search Top Stories World Cup marred by riots over pay, empty seats FIFA rules out banning vuvuzela horns Israeli panel to probe Gaza flotilla raid Italy's debt reaches record 1.8 trln euros Fed official says US economy too weak for rate hike More Top Stories » Most Popular Most Viewed Most Recommended World Cup marred by riots over pay, empty seats Impoverished by oil spill, still waiting for a check from BP Hamilton leads McLaren 1-2 at Canadian Grand Prix Euro rate now more 'normal': French central banker Nine killed in plane crash of Mexican politician More Most Viewed » The point about pain: New study sheds light on acupuncture Clashes as Israeli forces storm Gaza aid boat: Hamas TV Egypt unearths tomb of pharaonic army chief Physicists solve mystery of missing neutrinos More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

Other News on Monday, 14 June 2010
Arab chief on landmark visit calls for 'breaking' Gaza siege
Karzai appeals for support in Taliban heartland
Freed Swiss businessman to leave Libya: Swiss FM
Israel to set up own inquiry into Gaza ship raid |
Fifteen killed in Baghdad central bank attack
Hamilton leads McLaren 1-2 at Canadian Grand Prix
Insurgents kill eight Afghan policemen, four civilians
Iran arrests 13 terrorist group members: report |
Strong ties between Pakistan's ISI and Taliban: study
Thousands flee ethnic bloodshed in Kyrgyzstan
Egypt protestors, police clash after activist's death |
At least 12 killed in Baghdad attack
Britain to replace military chief: defence minister
Brazil's Rousseff pledges continuity and female touch |
Afghanistan's Karzai seeks support for Kandahar op
Blair hopes Gaza blockade could be eased within days |
Japanese asteroid probe returns to Earth
Li Na beats Sharapova to lift Birmingham tennis title
Australian cabbie ends nine-week, 13,650-km ride
US fan plunges to death on Table Mountain
Peru puts kangaroo meat on the menu
Foxconn suicides inquiry to go public: report
Chinese sports companies focus on sponsorships
SKorea announces plan to battle capital volatility
Sprint dials wrong number with HTC EVO 4G sales figures
Woman Gives Birth On Board American Airlines Flight
Mysterious Call Leads Florida Deputies To "Crushed" Man
Hollywood's Most Influential Celebrities
Karate Kid crunches A-Team at box office |
Arab chief on landmark visit calls for 'breaking' Gaza siege
UK's new fiscal watchdog to cut growth forecast
Ethnic violence in Kyrgyzstan kills 117 |
Swiss businessman back home after Libya ordeal
Africa savours first win but tragedy tinges W.Cup
Swiss businessman released from Libya arrives home
Karzai: Ramping up security is a `go' for Kandahar
Both Koreas to address U.N. over ship sinking |
Euro rate now more 'normal': French central banker
Nine killed in plane crash of Mexican politician
China evictions slam door on elites, workers alike |
Greece optimistic ahead of EU, IMF visit
Slovak president taps leftist premier to form government
Gunmen, bombs target Iraq central bank |
Impoverished by oil spill, still waiting for a check from BP
Chavez says beer tycoon wants Venezuela presidency |
Celeb sex-tape scandal hits taboos in Indonesia
Assisted reproduction boosts risk of deformity: study
Swiss man flies home after two-year Libya row |
S.African high-speed rail hit by delays
Europe, US interest rate hikes not expected before 2011: BIS
Japan ruling Democrats keep lead before July poll |
Colombia troops rescue three hostage officers |
Families of missing visit site of Ark. flash flood
Global Weather-Asia-Celsius
Israel's Gaza blockade breaks law, says ICRC |
Three Israeli policemen wounded in West Bank attack |
S.Korea vows stern response to N.Korea threats
20 feared dead in northern India boat accident
Philippine bus crash toll rises to 21
Foxconn parent: commitment to China 'total'
Aussie media, ex-players savage Socceroos
US discovers huge Afghan mineral wealth: report
Scientists scramble for Japanese asteroid capsule
Honda says normal ops to resume at troubled China plant
Tigers kill man in China zoo: report
Condom sales rise as S.Korea celebrates W.Cup win
Chinese investors Fosun buy Club Med stake
Top China food, drug official under investigation
AT&T to work with law enforcement on iPad breach |
Honda Lock: Most Chinese strikers return to work
India's Muslims, Christians fight for burial rights
Microsoft christens motion-gaming Kinect |
Children of Muppets creator eye 3D, digital future |
Plane bomb hoaxers to face decade in jail in Australia
Taiwan and China make progress in trade pact talks
Gisele Bundchen returns to runway after baby
'Karate Kid' kicks way to top of box office
Motion controls to grab players at E3 videogame expo
British petrolheads Carry on Camping at Le Mans race
Mideast aims to break old habit with new anti-smoking laws
Napoleon era artefacts raise one million euros at auction
No more tomorrows for Orphan Annie comic strip
Hundreds take part in Turkey Gay Pride rally
Celeb sex-tape scandal hits taboos in Indonesia
Memphis, Red win at Tony Awards |
Country music legend Jimmy Dean dies |
Karate Kid crunches A-Team at box office |
True Blood star really wanted to be a physicist |
Karate Kid retains indie spirit in China |
Joan Rivers shows another side in new documentary |
Kyra Sedgwick's Emmys snub is a crime |
Casting directors eye Margulies, Sagal for Emmys |
Iraq parliament opens three months after polls
Italy's debt reaches record 1.8 trln euros
'Kinect' motion control for Xbox 360 makes debut
US discovers huge Afghan mineral wealth: report
Outgoing PM Fico asked to form Slovak govt
NATO reveals new command structure in Southern Afghanistan |
Israel sets up inquiry into deadly Gaza ship raid |
Fed official says US economy too weak for rate hike
UK slashes growth forecast to 2.6% for 2011
Iraq's new parliament convenes |
Jodie Foster Allegedly Attacks Teen For Taking Her Picture
Yemen says thwarts al Qaeda plot in oil province |
Israeli panel to probe Gaza flotilla raid
Iranian aid ships head for Gaza |
'Kinect' motion control for Xbox 360 makes debut
Honda China strike could spur broader worker demands |
Japan ruling Democrats keep lead before July poll |
Kazakh uranium drive sheds Soviet nuclear legacy |
Sumo gambling scandal in Japan widens: reports
Indonesian stars express dismay over porn video
Indonesia jails terror leader's driver for 8 years
Behind In Polls, Illinois Treasurer Extends Benefits To Gay Employees
Season's First Tropical Storm May Be Forming
Potential cancer drug found in Australian rainforest
Cancer Survivors Skipping Needed Medical Care Because Of Costs
Study: Male Teens Who Attempt Suicide More Likely To Abuse Partners As Adults
Ten N.Koreans 'may face death in prison camps'
D.C. Council Chair Leads Straw Poll For Mayor
Japanese space probe retrieved from Australian desert
India media baron to buy 38 pct of SpiceJet
N.Korea completely cuts off state rations: aid group
Boys Accidentally Run Over By Father In Big Rig
India's May inflation rises to 10.2 percent
Uighur refugees plead to leave Pacific island
Catherine Zeta-Jones, Denzel Washington Among Big Winners At The Tonys
"Karate Kid" Tops Box Office Weekend, "The A-Team" A Distant Second
Strike, security lockdown cripple Indian Kashmir
President Signs 'Lifestyle Modification' Executive Order
Canadian director Dolan wins 3rd Sydney Film Prize |
Networks risk millions on longform TV productions |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01