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    Italy has been forced to pay record interest rates

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    Skyley

    Posts : 4
    Join date : 2011-09-01

    Italy has been forced to pay record interest rates

    Post  Skyley on Sun Nov 27, 2011 11:00 pm

    Name:Skyley
    Link:http://www.bbc.co.uk/news/business-15888752
    Italy has been forced to pay record interest rates in a 10bn euro ($13bn; £9bn) auction of treasury bills.
    The rate of interest for the new debts due to be repaid in six months was 6.504%, compared with 3.535% in the last comparable sale on 26 October.
    The rate for two-year borrowing was 7.814%, up from 4.628% last time.The Bank of Italy stressed that demand for the bonds had been high, with demand for the debts outstripping supply by 50%.
    I don't think the article is interesting.There is too many figures to work out,maybe the article can use some rhethorical device to make the figures more clear to the public.Others will pay more attention to the article

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