Japan Shows Why Italy’s Yields Are a Form of Euro Membership Fee
The Italian national flag, left, and the European Union (EU) flag hang outside a police station in Rome. (Photographer: Alessia Pierdomenico/Bloomberg)

Japan Shows Why Italy’s Yields Are a Form of Euro Membership Fee

(Bloomberg) -- Europe’s fiscal fragmentation may be inflicting an extra fee for euro membership onto indebted southern countries, underscoring the case for the region’s new recovery fund.
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