Draghi’s drugs fuel govvie feel-good factor as Italy, Spain sentiment improves
Any market concerns over the Republic of Italy having to dig deep to find an extra €50bn of funding over two years were eased this week as Mario Draghi, president of the European Central Bank, indicated that he stood ready to take action if the eurozone economic situation deteriorated further, write Craig McGlashan and Tessa Wilkie.
And in a second dose of positive momentum for the periphery, Spain underlined its own strong capital markets performance so far this year with a well received government bond auction on Thursday.
Italy has to finance an extra 50bn over the next two years to fund a government plan
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