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Italy short-term debt costs halve

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Published on Dec 28, 2011

http://www.euronews.net/ Italian debt costs have halved at its latest auction of short-term government bonds.




Traders said that was thanks to an emergency austerity budget pushed through by the new technocrat government and an injection of cheap long-term money from the European Central Bank.




But they warned Rome will have more trouble finding buyers for its longer-term bonds, 8.5 billion euros worth of which go on sale on Thursday, including three- and ten-year paper.

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