Italy’s Borrowing Costs Drop Sharply at Auction

http://pix04.revsci.net/H07707/b3/0/3/0806180/19338825.js?D=DM_LOC%3Dhttp%253A%252F%252Fwww.themuslimtimes.org%252Fwp-admin%252Fpost-new.php%26DM_CAT%3DNYTimesglobal%2520%253E%2520General%26DM_EOM%3D1&C=H07707%2CH07707http://pix04.revsci.net/H07707/b3/0/3/0806180/498452523.js?D=DM_LOC%3Dhttp%253A%252F%252Fwww.themuslimtimes.org%252Fwp-admin%252Fpost-new.php%26DM_CAT%3DNYTimesglobal%26DM_EOM%3D1&C=H07707LONDON — 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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