Brussels, 02/08/2011 (Agence Europe) - There is no rescue plan on the table for bailing out Spain, Italy or Cyprus, three eurozone countries under growing pressure from rating agencies and markets, the European Commission said on Tuesday 2 August.
On Tuesday 1 August, Spanish and Italian 10-year government bonds reached their highest levels since the creation of the eurozone, with investors fearing that the debt problem of these countries may grow worse due to the economic growth slowdown....