Italy short-term borrowing costs plummet

2012-02-27 3

Italy's short-term borrowing costs have fallen to their lowest in 17 months.

The amount of interest Rome had to pay to sell 12.25 billion euros of six-month treasury bills at an auction on Monday was 1.2 percent.

Cheap loans from the European Central Bank have made investors keener to lend to eurozone governments over the short-term.

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