Arab Today, arab today italy pays higher yields in bond auctions
Last Updated : GMT 18:42:37
Arab Today, arab today
Arab Today, arab today

Italy pays higher yields in bond auctions

Arab Today, arab today

Arab Today, arab today Italy pays higher yields in bond auctions

Milan - Arabstoday

Italy was forced to pay higher interest rates yesterday to entice investors to buy a little under €5 billion (Dh24.5 billion) worth of its 5- and 10-year bonds as jitters over Eur-ope\'s debt problems have resurfaced. Investors demanded yields of 5.84 per cent on the 10 year-bonds, compared with 5.24 per cent last month. On the 5-year bonds, Italy paid 4.86 per cent, up from 4.18 per cent. The Treasury raised €4.9 billion, with the demand for both bonds below last month\'s. Concerns over Europe\'s debt crisis have swelled over recent weeks as France goes to the polls, Spain struggles with its debts and Italy acknowledged that it won\'t balance its budget until 2015, instead of 2013 as pledged. Italian Premier Mario Monti, who took office in November as the head of a government of technocrats to confront the debt crisis, said on Thursday that budget cuts with structural reforms alone \"will never deliver growth.\" \"If there is not demand, the reforms are useless and there will be no growth,\" he said. In a joint statement with European Commission President Jose Manuel Barroso, Monti affirmed yesterday that growth must come from \"improving competitiveness and not through higher levels of debt\". Following a meeting in Brussels, the pair said austerity measures need to be paired with \"targeted investments to enhance competitiveness\" while helping to increase consumer demand. Pia Ahrenkilde Hansen, a spokeswoman for Barroso, said that investments should be targeted at areas like green technology, energy or the improvement of broadband networks, which could help growth.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today italy pays higher yields in bond auctions Arab Today, arab today italy pays higher yields in bond auctions

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today italy pays higher yields in bond auctions Arab Today, arab today italy pays higher yields in bond auctions

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday