Italian Bonds Rise as Eurozone Refuses to Burden Coronavirus Debt Burden| Instant News


Italian government bond yields rose on Tuesday after eurozone finance ministers decided not to share the debt burden related to the corona virus among members of the currency bloc.

In an agreement reached before the market closes for the long Easter weekend, eurozone countries said they would aim for around € 500 billion, or around $ 550 billion, to blunt the corona virus’s impact on the economy. One area in which they are not moving forward: issuing joint debt, called “coronabonds,” to finance recovery. This problem has made countries difficult …

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