-
Italy's Senate approves critical austerity bill
The austerity and reform measures, aimed at boosting the economy and controlling a huge public debt, followed demands by European partners for urgent action to restore market confidence in Italy's strained public finances. The prospect of a transitional government headed by respected non-partisan economist Mario Monti calmed markets for a second day, with Italy's 10-year borrowing rate down a further 0.21 percentage point to 6.59pc. Shares were buoyant too, with the FTSE MIB up 1.7pc in early trading at 15,477. Markets have been roiled all week over Italy's political uncertainty and fears that the country was heading ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Nov 11, 2011 8:58am Nov 11, 2011 8:58am
- Judenuel
- | Joined Aug 2008 | Status: Member | 18 Comments
- Comment #2
- Quote
- Nov 11, 2011 9:13am Nov 11, 2011 9:13am
- DragonFire
- | Joined Sep 2010 | Status: Member | 2093 Comments
There is always a price for promises you don't keep!
- Comment #3
- Quote
- Nov 11, 2011 9:22am Nov 11, 2011 9:22am
- hkg_paul
- Joined May 2011 | Status: Member | 1069 Comments