z

Monthly Archives: December 2012 - 1 post found

Take Care To Read The Writing On The Wall in Italy

Events of the last week have once more brought Italy back into the headlines. The decision of former Prime Minister Silvio Berlusconi to deny support to the technocratic government of Mario Monti sent alarm bells ringing in markets across the globe. But the excitement was short lived. Last Thursday Italy sold 3.5 billion euros of a new three-year bond at 2.50 percent, the lowest yield on similar-maturity debt since October 2010 and down from the 2.64 percent paid on 14 November.


Read more