Business

摘要

The crisis of confidence in the euro zone showed no sign of abating as the yields on Italian and Spanish ten-year government bonds jumped again to well above 6%, increasing the countries' borrowing costs. Investors are worried that last month's second bail-out for Greece will not stop the contagion. One concern is that the European Financial Stability Facility does not have sufficient funding to rescue Italy and Spain, and that officials are moving too slowly to implement the new powers granted to the efsf to buy up the debt of troubled economies.