Contagion fears wane as Italy, Spain shrug off Cyprus turmoil
Market participants barely batted their eyelids on the news this week that the Republic of Italy could increase its 2013 funding target to pay off private creditors, writes Tessa Wilkie. And with the Kingdom of Spain powering through its maximum target at an auction on Thursday, SSA bankers were optimistic that, for the moment, the turmoil surrounding Cyprus is an isolated issue.
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