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Clamour for ECB action hits fever pitch with Italy all but shut out

11 Nov 2011

Despite Thursday’s relief rally and some prospect of a positive auction on Monday, SSA bankers and borrowers are reiterating calls for the ECB to rescue Italy after a week when the G8 sovereign neared an almost unprecedented loss of market access and the EFSF bail-out vehicle struggled to get even €3bn of bonds away.

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11 Nov 2011