Published on Dec 29, 2011 by Euronews
http://www.euronews.net/ Italy has reportedly managed to sell more than 7 billion euros worth of long-term bonds, as the country tries to refinance its debt. The total on sale was worth 8.5 billion.
It follows success for Prime Minister Mario Monti on Wednesday when the cost of borrowing fell by half as the government managed to sell 9 billion euros of short-term debt at auction.
That move, along with further austerity measures and an injection of cheap money from the European Central Bank, reassured the markets, at least temporarily.
It follows success for Prime Minister Mario Monti on Wednesday when the cost of borrowing fell by half as the government managed to sell 9 billion euros of short-term debt at auction.
That move, along with further austerity measures and an injection of cheap money from the European Central Bank, reassured the markets, at least temporarily.
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