Euro fund head: no quick China deal; Italy costs up
The head of the European Financial Stability Facility has said that he does not see a deal where China would invest heavily in his organization happening soon though he did say that China would keep buying bonds issued by his fund. The statement comes the day after eurozone leaders agreed to a plan to potentially save the euro currency, though markets reacted by upping the cost on Italian Government debt as it hit an all time high for borrowing costs in the eurozone.