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Italy and Spain seek recognitions for austerity efforts in 2012

12 Gennaio 2012 - Autore: Studio Legale e Tributario Giommi

 Spain and Italy will seek to sell as much as 17 billion euros ($21.5 billion) in debt as Premier Monti  seeks recognition for austerity efforts and Prime Minister Rajov vows to meet his budget-deficit goal.

In their first auctions of 2012, Spain will sell as much as 5 billion euros of bonds, including a new three-year benchmark security. Italy, which needs to repay more than 50 billion euros in bonds in the first quarter, will sell as much as 12 billion euros of bills today and 4.75 billion euros of bonds tomorrow.

Source: Reuters

Studio Legale Giommi



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