Italy Sells Record Amount At Bond Auction – WSJ.com

Italy Sells Record Amount At Bond Auction – WSJ.com.

This is good news for Spain. One of the problems with Spain’s request for a bailout is the negative repercussions for Italy. Since Italy is done with its financing for the year, Spain can enter the bailout zone and not effect Italy’s financing costs for the rest of the year.

With this obstacle removed, let’s see how long it takes Spain to request help. I bet it will not be before the Presidential election.

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