MILAN, April 29 (Reuters) – Investors welcomed on Monday the
formation of a new government in Italy, piling into the
country’s assets and brushing off a warning it might still need
international aid to weather a deep economic crisis.
Sovereign borrowing costs fell to their lowest since October
2010 at a sale of 6 billion euros of five-year and 10-year
bonds, and blue chip shares rose 1.6 percent -
outperforming other European markets.
Labour minister Giovannini, another competent person to watch #italy
Olympian Josefa #Idem is new minister of sport in #Italy
Lots of really high-profile names in #Letta’s government. Some technocrats, many women,several young ministers.
Good to have a minister of integration in #Letta government. #Italy needs it.
Good choice to have #Emma Bonino as foreign minister. She is very qualified.
MILAN (Reuters) – Italy’s six-month debt costs fell to a record low at an auction on Friday as investors expected prime minister-designate Enrico Letta to bring together rival parties and quickly form a government.
Analysts also said expectations of an interest rate cut in the euro zone and the current hunt for returns were also helping to drive down Italian borrowing costs.