Italian 20 primary dealers - those with the previously lucrative, but now dubious privilege of...

|By:, SA News Editor

Italian 20 primary dealers - those with the previously lucrative, but now dubious privilege of purchasing debt at government auctions - are growing increasingly worried of being able to fob off the paper at a profit. Their status requires them to buy at least 3% of all debt offered, meaning failed auctions if each sticks to the minimum amount.