Italy pays higher borrowing rates in bond sale

Associated Press
Italy pays higher borrowing rates in bond sale

Italian Democratic party leader Pier Luigi Bersani speaks to reporters in Rome Saturday, March 23, 2013. Italy's president has tapped center-left leader Pier Luigi Bersani to form a new government following national elections that produced no clear winner. Italian President Giorgio Napolitano said Friday that Bersani was best positioned to create a government given "the most difficult circumstances." Bersani's coalition won control of the lower house but not enough seats to control the Senate, creating political gridlock. (AP Photo/Mauro Scrobogna, Lapresse)

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