Italy’s Borrowing Costs Drop Sharply at Auction — Italy’s short-term borrowing costs were halved Wednesday at an auction of government bills, easing the immediate pressure on the country’s economy.

The sale of €9 billion, or $11.8 billion, of six-month Treasury bills was seen as the first post-holiday pointer to condition of the beleaguered euro zone.  Read more

Categories: Economics, United States

1 reply

  1. would not call it ‘sharply’ … it is still very high and only Allah knows how (and if) Italy is supposed to pay back this debt PLUS the interest…

    I suppose all these debtor nations are counting on a ‘devaluation’ to ‘safe the day’ …

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