Markets relatively upbeat after Italian auctions (AP)
PARIS – Another set of solid Italian bond auctions on Friday helped sustain the recent optimism in the markets that Europe’s debt crisis has calmed down somewhat, though investors think there’s still a long way before the situation stabilizes. Surprisingly strong bond auctions in Spain and Italy on Thursday reinforced hopes that policymakers may finally be getting a grip on Europe’s debt crisis after months of procrastination and indecision. With the borrowing rates …
