Sign in. It’s quick, free and it’s up to you.
An account is an optional way to support the work we do. Find out more.
THE COST OF financing Italian government debt has fallen today, after the country won a favourable response to its latest auction of three-year bonds.
In a rare piece of good news for the eurozone, the average yield of €4.75billion worth of bonds in the auction fell to 4.83 per cent, according to Reuters.
Italy’s government debt, which currently stands at almost 120 per cent of GDP, is seen as one of the most serious threats to the integrity of the eurozone.
Because the country’s economy is so large, it is not clear that EU bailout funds have the capacity to step in if Italy becomes unable to source funding on the international markets.
The news from today’s auction also helped Italian ten-year bond yields fall to 6.54 per cent, below the seven per cent widely seen as the point beyond which financing debt becomes unsustainable.
To embed this post, copy the code below on your site
27: the number of DOB related articles with comments disabled.
the journal is afraid of his army of lawyers. Anyway who cares about a billionaire to bribed a minster to get a telecoms contract that made him millions..
NO matter how rich DOB is, he’s still an SOB, POS individual who can SMD and phuck oph.
The Number 27 has been in overdrive over the forthright.
‘Beautiful building’…
‘Thanks hun…Pennys’…
Penneys
That too..
After all the Celtic tiger years were we supposedly were the “Dubai of Europe” and the envy of Europe, we couldn’t even managed to build a Metro. They could at least have clean public toilets at the Rail stations. Not even that…
It’s not the economy’s fault that we pre all over the floor.
I spot the number 322
have your say