ECM: Euro zone bond sales to hit 5-year low in 2016 as crisis chapter closes
LONDON: Euro zone government bond sales will fall below 900 billion euros next year for the first time since 2011 as crisis-hit Italy and Spain work off their debt hangovers with the help of ultra-low borrowing costs.
Madrid and Rome have been rolling over emergency funding raised in the 2012 crisis in recent years, and can now take advantage of the plunge in borrowing costs to lengthen the average maturity of their debt, bringing to a close one chapter in the euro zone's debt crisis. ..
