Investors retain faith in Italy despite turmoil

Ammazzate Silvio Berlusconi non solo su Facebook by paz.ca
License (according to Flickr): Attribution License
License (according to Flickr): Attribution License
MILAN Silvio Berlusconi's vacillations over whether or not to run for Prime Minister of Italy failed to dent investor demand for the country's debt, leaving borrowing costs steadfastly low in a bond auction on Thursday. Italy easily raised euro3. 5 billion ($4. 5 billion) in the sale of 3-year bonds Thursday that saw interest rates, or yields, drop to the lowest level in two years. Italy paid an interest rate of 2. 5 percent, compared with 2. 64 percent last month. The country has been back in the spotlight for the last week after Berlusconi's party pulled its support for Premier Mario Monti's technocrat government and Berlusconi said he would take another shot at re-election. All this prompted Monti to announce he would step down as soon as the budget is passed.
People:
Silvio Berlusconi
Overall Sentiment: 0.0296871
Relevance: 0.90666
Disambiguation: Politician | BoardMember | Celebrity | ChivalricOrderMember | CompanyFounder | FilmProducerReferences:
Mario Monti
Overall Sentiment: 0.102626
Relevance: 0.582906
Disambiguation: PoliticianReferences:
Foreign Minister Franco Frattini
Overall Sentiment: 0.365816
Relevance: 0.229141
Nicholas Spiro
Overall Sentiment: 0.0483695
Relevance: 0.202463
Berlusoni
Overall Sentiment: 0.0768658
Relevance: 0.182552
Chiara Corsa
Overall Sentiment: 0.237459
Relevance: 0.176194
Loredana Federico
Overall Sentiment: 0.174459
Relevance: 0.168733
Sentiment | Quote |
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-0.0501451 | "This suggests that Berlusconi's announcement, while stopping the loss of support experienced over the last few months, failed to provide a meaningful boost," Unicredit analysts Chiara Corsa and Loredana Federico said ... |
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Michael Hewson
Overall Sentiment: 0
Relevance: 0.160627
Sentiment | Quote |
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0 | "No one really cares about Berlusconi," said Michael Hewson, ... |
0.0624622 | "No one really cares about Berlusconi," said Michael Hewson, a senior analyst at CMC Markets in London. "I would suggest he is white noise. ... The markets are fairly comfortable with the political situation in Italy, now that they have had time to assess after Monday." |
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Key:
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Note that quote stats are likely to be meaningless beyond the aggregate score due to the tiny sample size. However, they are always provided just in case you find something useful there.
Additional Info:
Country: Italy
Overall Sentiment: -0.0476804
Relevance: 0.47111
Disambiguation: Location | HumanLanguage | PoliticalDistrict | Region | AdministrativeDivision | GovernmentalJurisdictionReferences:
Company: CMC Markets
Overall Sentiment: 0.449754
Relevance: 0.305603
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Investors retain faith in Italy despite turmoil
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- european financial crisis
- european union
- eurozone
- Mario Monti
- Silvio Berlusconi
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Italian government's borrowing costs remain low following surprise announcement by premier that he will step down
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