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What is Happening in Italy

…real estate) play an important role (“First they sell the family silver” H. MacMillan) The financial system has worked out not necessarily to Italy’s advantage — the latest BTP auction

Another 28 Days

Following up on this post, a 4-week auction over year-end (PDF) that sold at 0.00% interest, with a coverage ratio of 4.4:1. (Yield unchanged from the previous week, and the…