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Lately, both governments' borrowing costs have come down to more sustainable levels.
The European Central Bank's pledge to do whatever it takes to preserve the euro is keeping governments' borrowing costs down.
That bond buying is expected to help reduce the governments' borrowing costs, at least for terms shorter than three years.
Before Tuesday, the two embattled governments' borrowing costs had generally been falling since the announcement of the central bank's bond-buying program on Sept. 6.
Prime Minister Mariano Rajoy of Spain and Mario Monti, the Italian prime minister, are likely to press for urgent action to lower their governments' borrowing costs.
Finally, he examined the spread between euro-area governments' borrowing costs and German government debt, which is considered a safe investment.
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Rather than tackle this, for ten years governments borrowed.
Companies set up by local governments borrowed heavily.
Budget deficit ban: how much have past governments borrowed?
Government borrowing in its modern form first occurred in medieval Genoa and Venice when the city governments borrowed on a commercial basis from the newly developed banks.
Costa stresses that critical third era when local governments borrowed heavily to build public health facilities.
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