Brussels, 02/11/2011 (Agence Europe) - The interventions of the European Central Bank (ECB) on the bond market, which some critics feel are too timid, are failing to contain the increase in Italian borrowing rates, in the face of the latest drama playing out in Greece.
On Tuesday, these rates were considerably above 6%, a level which is difficult for Italy to sustain, even though, according to a number of brokers, the ECB was actively buying up Italian bonds on the secondary market.
In...