Italy among countries troubling leaders of EU zone

PanARMENIAN.Net - Leaders of European Union have held a sitting on July 11, during which they discussed continuing problems with debts of EU zone countries.

The meeting in Brussels was initiated the days before by Herman Van Rompuy, President of the European Council. His press secretary stressed that this meeting cannot be regarded as crisis.

According to information, the reason of talks was fear that Italy will face difficulties in its state debt service, as it occurred with Greece, Ireland and Portugal.

Due to these suspicion, on Friday, earnings yield of Italian bonds has raised to the top level since euro introduction, that is, it increased the rate for similar 10-year liabilities of Germany by 2,45%.

On Friday, the stocks of the largest Italian Unicredit Spa fell by 7,9% thanks to considerable investments to Italian state securities, whereas chief fund index dropped by 3,5%, according to BBC.