Euro ON EDGE as Italy defies EU austerity to pass HUGE budget: ‘Things will now get tough’

ITALY has caused jitters in the eurozone after flouting austerity rules imposed by the European Union to pass a bumper budget. Rome is heading for a collision course with the EU after passing plans to target a budget deficit of 2.4 percent of GDP for the next three years late last night. Daily Express :: World Feed

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Turkey lira CRISIS: Huge interest rate rise eases currency fears – global markets on edge

TURKEY’S interest rate has soared 6.25 points from 17.75 percent to 24 percent as the country struggles to contain an economic crisis which has seen the value of the lira plunge and inflation hit its highest levels for 15 years. Daily Express :: World Feed

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