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Sheikh Mohammed will also remain the Vice-President of the country
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Italy’s borrowing rates up in bond auctions
Italy was forced to pay higher interest rates to entice investors to buy a little under (euro) 5 billion worth of its 5- and 10-year bonds.
Investors demanded yields of 5.84 percent for the 10 year-bonds, up from 5.24 percent last month.
On the 5-year bonds, Italy paid 4.86 percent, up from 4.18 percent before.
The Treasury raised (euro) 4.9 billion on Friday, with the demand for both bonds below last month’s.
Jitters over Europe’s debt crisis have resurfaced over recent weeks as France goes to the polls, Spain struggles with its debts and Italy acknowledged that it won’t balance its budget until 2015, instead of 2013 as pledged.
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There are many ways to judge the success or failure of a country. We can look at its economy, the strength of its military or the quality of its education. We can examine the soundness of our bridges or the smoothness of our highways. But what if we used a different standard? We should judge a nation by a simple metric: the number of weeping parents it allows, the small caskets it tolerates