Italy pays sharply reduced rates to borrow 12 bn euros
Milan - AFP
Italy paid sharply lower rates at a bond auction on Tuesday when it raised 12 billion euros ($15.8 billion) in two batches for three months and one year, the Bank of Italy said. The outcome sent a signal that investors have new-found confidence in Italy which at the end of last year had been seen at risk of being potentially the next eurozone country to fall into a debt crisis. Dow Jones Newswires contributed to this report
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Moscow - TASS
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