Brussels and market penalize Italy

- The Italian interest rate has risen sharply on Monday to the highest level since February 2014. Investors are worried after the European Commission, after consultation, sharply criticized the latest budget plans that allow the deficit to rise against agreements.

Italy has the highest debt in the eurozone after the saved Greece. The risk premium on two-year debt increased by 20 basis points on Monday morning.

The ten-year yield came above 3.5% after EU commissioners Dombrovskis found a Moscovici 'significant deviation' in the Italian plans with earlier agreements.