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Italian debt redemptions affordable, Vincenzo Albano says

Monday, November 14, 2011 - 04:01

Nov. 14 - Debt redemptions in Italy appear to be manageable, thanks to a robust domestic investors base. But delayed political actions will cost the taxpayers an additional 6.5 bln euros, says Vincenzo Albano.

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A -- that his whole thing you broke through the suspect that it almost sold -- informed them. Since -- the prospect of eat that he becoming insolvent doesn't hold to the markets. -- -- rather than before that all of such proportions will be uncle paying a woman. President Biden and now this in this kind of is -- bad that this fight improved outlook and despite overseas that the business that its initial maturities. Today defense -- to auction to be over the failure benchmark was -- you that was one random business Boeing's high yet -- -- -- all only a few weeks ago. But what are the -- -- the weekend they've saved the -- potential disaster. I think the fight he would need to be down from a seven point 6% peak over last week. The musical and -- open to some more than it optimism. Anyway let's step back from contingent events and they can go I think -- -- -- -- To understand is this and food and approaching that status points. Then managed duration of the opinion that -- is in line with -- its use it appears at the four point nine years. -- -- weighted average of more than five munitions. And -- that he -- exactly in line with France Spain and Germany. The atrocities as a much -- modified -- up only three point six ERS with -- -- depression and its solvency. The company that and they disclosed one point six -- you lose in its distribution sees a -- see liberal amount over the interest in -- -- at twelve. Might otherwise it reasonably balanced. Put it whether it appears that -- challenging but until we see shortly he makes you be manageable. Let's admit that was put into them editing tools. There are no bull that they they intrusive -- to -- just devious as some misfit who -- for about three B you don't use. It is our Italian sailors for every team is mature in the basically amount Denon has always been Hamas. If not uphold what went -- whoever -- interest are made by abuse of and that remaining out by bones or Biden's side. Overrode the -- tomorrow people under the plea to one BU Rosen forty beetle which as we have just seen women who were easier. However what under the six if you -- them bones and -- interest in pose a challenge and beat these coastal funding would buy into the time and budget. 1 appointment to put into I would be it Hindu generated within -- sure over the BDP first of February. A single line of nearly 26 being -- use. Likely such allowed to line would be divided it was more it clashes between now and update. Troops that went through it first amount to a steep rise in support outlook of 27 BUN and -- fifteen point five -- do you lose. A total of 68 enough being done between now in the meat of it. But they -- there's always seen that inclusive of fate the bush faithful supporter from the basic and that Michelin and their society especially got a few weeks. Despite back to doing that -- your ball is now 160. Basis points I hear the new wars in dry and the -- year. -- in sixty basis points. On dividends and that's an acceptable point 1% cost of funding it. The kind of weight that goes to funding -- the -- wounds is a four point 35%. We estimate that the delayed reaction to market events over the summer. -- of course of the Italian fizzled what makes the forty basis points or six and not being used. Picking the -- with the funding before income quarters percent. And that's the most of benign scenario. Houses the Specter of summoned before he stated hoping you -- shouldn't. Needed reforms in hopes that the measures phase. I -- it's a battle in these these protests.

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Italian debt redemptions affordable, Vincenzo Albano says

Monday, November 14, 2011 - 04:01