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euro-plusMILAN: Italy's borrowing costs dropped sharply in an auction of medium- and long-term bonds on Thursday which raised nearly 6.0 billion euros ($7.8 billion), reflecting increased investor confidence.

 

The Italian Treasury sold 3.0 billion euros in bonds coming due in 2017 at a rate of 3.23 percent compared to 3.80 percent for a similar sale last month.

 

It also sold 2.98 billion euros in bonds due in 2022 at 4.45 percent from 4.92 percent in October, the Bank of Italy said.

 

Italy held two successful auctions on Tuesday and Wednesday.

 

Il Sole 24 Ore business daily said the sales showed a "return to normal", which has been reinforced by Merrill Lynch Wealth Management's announcement that it was returning to the Italian debt market, seen as too risky before.

 

Investors have hailed the reforms undertaken by Prime Minister Mario Monti's government and have been buoyed by an agreement earlier this week on funding for Greece.

 

Copyright AFP (Agence France-Presse), 2012


 



 
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyOctober
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 15, 2014
Reserves $13.922 bln