Recession now is taking its worst toll on Italy that has recorded an all time high in cost of borrowing. The 6.77% yield on Italian 10 year government bond is a record since the euro was founded 12 years ago.
Market experts say that this means that Italy could just become the next worst-hit victim of debt crisis.
It may be noted that Italy is the third biggest economy of the European nations.
Kiran Kidwai, International Desk