will italy seek bailout
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Will Italy seek bailout?

Arab Today, arab today

Arab Today, arab today Will Italy seek bailout?

Seoul - Xinhua

Fears spread that Italy may seek international bailout after borrowing costs of the world's No. 8 economy soared to a dangerous level Wednesday. According to the Korea Center for International Finance (KCIF), the yield on the Italy's 10-year government bonds soared 49 basis points (bps) to a euro-era record of 7.21 percent, breaching the dangerous threshold of 7 percent at which Greece, Ireland and Portugal sought bailout funds. The three peripheral nations were all forced to ask for bailout funds after their borrowing costs reached similar levels. Greece sought international bailout just 17 days after its borrowing costs breached the 7 percent level, while Ireland and Portugal took 22 days and 91 days each in seeking bailouts after their yields breached that level. "It is imperative for Italy to seek international bailout. Greece, Ireland and Portugal asked for financial aid within three months after their borrowing costs breached the 7 percent level," Kang Hyun-gie, a strategist at Solomon Investment & Securities in Seoul, told Xinhua. Kang, however, noted that the Italian event would unlikely cause a Greek-typed turmoil in the global financial market as the euro region's third-largest economy could avert the crisis through its own capacity such as strong manufacturing sector and international trade.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

will italy seek bailout will italy seek bailout

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

will italy seek bailout will italy seek bailout

 



GMT 23:24 2017 Tuesday ,24 January

Mofida Shiha prefers social TV programs to politics

GMT 21:23 2017 Sunday ,13 August

Fierce clashes between Daesh, SDF in Raqqah

GMT 19:31 2017 Monday ,16 October

Azhar Imam, Mufti to inaugurate international Fatwa

GMT 18:33 2017 Tuesday ,28 March

S. Korea Preparing for N. Korean ICBM Launch

GMT 23:39 2017 Tuesday ,19 September

Iran recruits Afghans, Pakistanis to fight in Syria

GMT 03:51 2017 Saturday ,11 November

'Lazarus' Daly says recovery no miracle

GMT 13:30 2017 Friday ,17 February

Four killed in Kashmir Gun battle

GMT 18:51 2017 Friday ,17 November

FIA WEC Bapco 6 Hours of Bahrain weekend starts
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday