EU to drastically cut its economic growth forecast user states the euro orthe euro zone in 2012 from 1.8% to just 0.5%.
"Economic growth in Europe stalled and the emerging risk of a new recession," said EU Commissioner, Olli Rehn.
Low economic growth make Europe increasingly difficult to get out of debt crisis. Plus the Italian economic situation is more uncertain.
Italy has issued new bonds worth 5 billion euros, but must pay a 6.087%interest rate for repayment within one year.
Meanwhile, financial markets also remain volatile shadowed by concernsrelated to high-cost loans are made Italy.
Composite stock price index in New York's Dow Jones stock rose 1%slightly better than the previous day.
While the FTSE 100 index of London and Paris fell in Cac40 market closeThursday (10/11).
A similar situation also happened to Asian markets where Japan's Nikkei,Kospi South Korea and Hong Kong's Hang Seng dropped everything.
Italy is facing a crisis re-issuing new debt with interest rate of 6087% for one year.
Digit interest rates rose dramatically from 3.57% in October and became the highest recorded in 14 years.
Meanwhile, the debt holders benefit ratio Italian 10-year increases above7%, which is the highest ratio since the euro zone is formed.
Pouring indicates that if the Italians to borrow money these days to be returned the next 10 years the country had to pay interest on more than 7%.A figure that is considered absurd by many economic analysts.
When announcing the revision of economic growth, the European Commission estimates that there will be no change in policy.
Italy's debt will not be moved from 120.5% of GDP next year before it fell to118.7% of GDP in 2013.
The European Commission also estimates that Greece's debt level willincrease to 198.3% of GDP in 2012.
Digit interest rates rose dramatically from 3.57% in October and became the highest recorded in 14 years.
Meanwhile, the debt holders benefit ratio Italian 10-year increases above7%, which is the highest ratio since the euro zone is formed.
Pouring indicates that if the Italians to borrow money these days to be returned the next 10 years the country had to pay interest on more than 7%.A figure that is considered absurd by many economic analysts.
When announcing the revision of economic growth, the European Commission estimates that there will be no change in policy.
Italy's debt will not be moved from 120.5% of GDP next year before it fell to118.7% of GDP in 2013.
The European Commission also estimates that Greece's debt level willincrease to 198.3% of GDP in 2012.
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