News Videos
International Edition


May 28, 2017

Breaking News, World News and Taiwan News.
About Us
Contact Us

Italy raises 8 bil. euros in six-month bond sale despite Berlusconi threats

MILAN -- Italy raised 8 billion euros (US$10.32 billion) in six-month bonds at a lower rate on Monday in spite of political unease after threats by ex-Premier Silvio Berlusconi to pull support for the government.

Rates for the six-month paper dropped from 1.503 percent at the last similar operation in September, to 1.347 percent, according to the Bank of Italy.

The auction followed a sale of medium- and long-term bonds on Friday, at which the Italian treasury borrowed 4 billion euros at lower rates.

Monday's sale followed a hot weekend in Italy, during which Berlusconi said his People of Freedom (PDL) party was evaluating whether to pull its support for Prime Minister Mario Monti in a move which would force early elections.

Berlusconi — who was found guilty of tax fraud on Friday — was forced out in November as Italy struggled with the eurozone debt crisis.

While a series of austerity measures and structural reforms imposed by Monti have calmed the markets, some analysts wonder if Berlusconi's threats may spark renewed tension.

Write a Comment
CAPTCHA Code Image
Type in image code
Change the code
 Receive our promos
 Respond to this email
Subscribe  |   Advertise  |   RSS Feed  |   About Us  |   Career  |   Contact Us
Sitemap  |   Top Stories  |   Taiwan  |   China  |   Business  |   Asia  |   World  |   Sports  |   Life  |   Arts & Leisure  |   Health  |   Editorial  |   Commentary
Travel  |   Movies  |   TV Listings  |   Classifieds  |   Bookstore  |   Getting Around  |   Weather  |   Guide Post  |   Student Post  |   Terms of Use  |   Sitemap
  chinapost search