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Italy's borrowing costs fall below one per cent

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Italy's borrowing costs fall below one per cent

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Italy’s borrowing costs for six-month debt fell to the lowest average level since April 2010.

Exactly one year ago Italy was borrowing at a massive 6.5 per cent the latest figures are below one per cent.

A deal on the next slice of Greek aid has given investors a shot of confidence that saw yields fall to levels before Italy was battered by the financial crisis.

By the end of the week Italy will have met more than 95 per cent of its 2012 funding needs.