As reported by «Market Leader» (US)
Euro Rate: Different View of David Cameron
Forex news.
Budget issues of Italy as the 3rd country in Eurozone according to the size of GDP have lead to record high rates of Italian bonds, for which Italy is currently obliged to pay about 7% annually. This, in its turn, leads to worse situation and potential threat of default.
The day before yesterday Italian Prime Minister Mario Monti in his interview to Financial Times appealed to his partners in European Union for cooperation in reducing the value of debt issues; after such statement he left for London meeting with his British colleague.