Italy’s cost of borrowing for 10 years climbs to 3.4%

Italy’s 10-year borrowing costs hit its highest level since March 2014 after a senior official of the ruling League party said most of the country’s problems would be solved if it returned to its own currency.

Italy would enjoy more favourable economic conditions outside of the eurozone, Claudio Borghi, the economic head of the ruling League party, said.