Italy sells nearly 6 billion euros of bonds at steady yields despite political uncertainty

ITALY PASSES BOND TEST

By Mark Thompson

Investors back Italy despite political turmoil

Italy survived its first major test of market sentiment since Mario Monti resigned as prime minister earlier this month, selling nearly €6 billion of government bonds Friday at steady yields.

Monti's technocrat government collapsed after former Prime Minister Silvio Berlusconi withdrew his support, throwing Italy into an election campaign that will determine whether the eurozone's second most indebted nation will continue to implement reforms launched over the past 12 months.

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