European Commission President Jose Manuel Barroso has indicated that bond market developments on Italy and Spain threaten the very survival of the euro.
The top official in a letter sent to the Heads of State or Government of the Euro area on Wednesday (3 August) and made public by the commission on Thursday said new bailout measures agreed by the 17 eurozone countries in July "are not having their intended effect on the markets", after the cost of borrowing for Italy and Spain spirale...
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Already a member? Login hereAndrew Rettman is EUobserver's foreign editor, writing about foreign and security issues since 2005. He is Polish, but grew up in the UK, and lives in Brussels. He has also written for The Guardian, The Times of London, and Intelligence Online.
Andrew Rettman is EUobserver's foreign editor, writing about foreign and security issues since 2005. He is Polish, but grew up in the UK, and lives in Brussels. He has also written for The Guardian, The Times of London, and Intelligence Online.