Europe
2:00 am
Fri August 5, 2011

As Neighbors Founder, Italy's Borrowing Costs Spike

Italy is the latest country to be in the cross hairs of investors alarmed by Europe's growing debt crisis. In many ways, Italy's financial situation is quite healthy. But it is being harmed by severe debt problems in neighboring countries and by the inability of European policymakers to act forcefully and in unison.