Rome

Spread stable despite Berlusconi threats to topple govt

Milan bourse up as Senate panel decides office ban

Spread stable despite Berlusconi threats to topple govt

Rome, September 18 - Investor confidence in Italian State paper was unshaken in early trading Wednesday by a looming vote by a Senate panel later in the day over whether to strip three-time premier Silvio Berlusconi of his seat in the Upper House. The spread between Italian 10-year bonds and the ultra-safe German bund, a barometer of international faith in Italy's ability to weather the economic crisis, opened down at 240 basis points with a yield of 4.36%. The Milan bourse also opened on a positive note, earning 0.16%.

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