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Italy and Spain see concerns ease on hopes of action
BBC – Investor concerns over Italy and Spain eased on Monday on hopes that the eurozone authorities would act to lower borrowing costs. Spain’s 10-year borrowing costs dropped to 6.5% from last week’s record high of 7.5%, reflecting a slightly improvement in investor confidence. Italy paid a lower rate of interest at a bond auction to raise 5.48bn euros (£4.2bn). The US Treasury Secretary is also arriving in Europe for talks later. Read Article
Tags: debt wealth, Europe, financial system
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