Published on Aug 13, 2012 by Euronews
http://www.euronews.com/ Deeper and deeper - Italy's public debt hit an all-time high in June of almost two trillion euros.
The figures were released by the central bank along with data that showed Rome's annual budget deficit was bigger than a year earlier.
The main reason for that was the additional money Italy is having to pay as its share of bailouts for other eurozone countries.
Italy's borrowing costs remain high.
Interest on its benchmark bonds is still close to six percent despite tough austerity measures introduced by Mario Monti's technocrat government.
The cost of shorter term borrowing is also creeping up.
The figures were released by the central bank along with data that showed Rome's annual budget deficit was bigger than a year earlier.
The main reason for that was the additional money Italy is having to pay as its share of bailouts for other eurozone countries.
Italy's borrowing costs remain high.
Interest on its benchmark bonds is still close to six percent despite tough austerity measures introduced by Mario Monti's technocrat government.
The cost of shorter term borrowing is also creeping up.
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