Stock markets drop on news of Irish debt rating, Italian borrowing costs up

13th July 2011, Comments 0 comments GENEVA, SWITZERLAND - World stock markets slid early Wednesday 13 July as investors’ nerves were tested, first by Ireland Tuesday evening becoming the third Eurozone country after Greece and Portugal to have its sovereign debt given a junk rating, then by news from Italy that borrowing costs are at their highest level in a decade. [...]

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