Spain and Italy prepare to auction bonds

Name: Spain and Italy prepare to auction bonds
Uploaded: 2012-01-12T10:28:35.000Z
Duration: 1 min 35 s
Description: Investors are bracing themselves for the year's first real test of demand for debt as Spain and Italy prepare to auction bonds

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Investors are bracing themselves for the year's first real test of demand for debt as Spain and Italy prepare to auction bonds.

Between them they hope to sell as much as €17bn worth of debt.

Italy's new Prime Minister, Mario Monti is urging investors to reward Italy for its austerity efforts.

Nigel Cassidy reports.

Business

12 January 2012