.

The impact of the news on market sentiment could come as early as Tuesday when Italy issues up to 7bn euros of longer-term debt, including a new five-year bond.

Italy's previous long-term sale at the end of August attracted poor demand for a new 10-year bond.

Wu Xiaoling, a former deputy governor of the People's Bank of China and now a senior government official, said on Tuesday that Beijing was ready to work with Europe to boost market confidence.

"We will continue to support Europe's measures in maintaining a stable euro," he told the Reuters news agency.

News that China is looking at Italian assets caused US stocks to rebound in late afternoon trading on Monday, cutting their earlier losses.

However, on Tuesday Asian markets had a mixed opening because many analysts questioned whether a purchase of Italian assets by China would do anything to resolve Europe's debt problems.

They said there was still a danger the crisis would spread, not least because Greece was still at risk of defaulting on its debt holdings.

"Europe is not just lurching from one crisis to another. It is lurching into a new one before the previous one is solved," said Makoto Noji of SMBC Nikko Securities.

Creditor vs debtor

Italy has a national debt of 120% of gross domestic product (GDP) and accounts for 23% of all eurozone sovereign debt.

According to the International Monetary Fund, it will need to raise funds equalling as much as 20% of its GDP in 2012 to refinance its debt.

On the other hand, China has been sitting on huge piles of cash, with foreign exchange reserves in excess of $3tn.

Analysts said given its deep pockets, it was no surprise that countries were seeking China's help.

"It is a natural consequence of creditor and debtor nations, one supporting the other," Fitch ratings' Mr Young said. Toronto’s public school board has fired or disciplined 150 construction and maintenance workers over allegations of fraud and “time theft” as part of a crackdown on wasteful activities.

The Toronto District School Board has also installed GPS tracking devices on all board work vehicles and increased productivity by bundling jobs so a worker focuses on one school instead of doing a series of small jobs at different schools in one day.

“We are holding people to task,” said Angelos Bacopoulos, chief
. 

 The impact of the news on market sentiment could hail equally early as Tuesday when Italy issues up to 7bn euro of longer - terminus debt, including a new five - class shackle. 

 Italy's previous retentive - term sale at the end of August attract poor demand for a newfangled 10 - year bond. 

 Wu Xiaoling, a former deputy governor of the People's Bank of China and now a senior politics official, said on Tuesday that Beijing was ready to work with Europe to promote market confidence. 

 " We will proceed to support Europe's measure in maintaining a stable euro, " he told the Reuters news agency. 

 News that China is look at Italian assets caused US stocks to rebound in late good afternoon trading on Monday, cut their earlier losses. 

 However, on Tuesday Asian markets had a mixed opening because many analysts questioned whether a leverage of Italian asset by China would do anything to resolve Europe's debt problems. 

 They suppose there was still a danger the crisis would go around, not least because Greece was still at risk of defaulting on its debt holdings. 

 " Europe is not barely lurching from one crisis to another. It is lurching into a new one before the previous one is solved, " said Makoto Noji of SMBC Nikko Securities. 

 Creditor vs debtor 

 Italy accept a national debt of 120% of gross domestic product (GDP) and accounts for 23% of all eurozone autonomous debt. 

 According to the International Monetary Fund, it will want to promote funds equalling as much as 20% of its gross domestic product in 2012 to refinance its debt. 

 On the other hand, China has been sitting on huge piles of cash, with foreign exchange reserves in excess of $ 3tn. 

 Analysts read given its deep pockets, it was no surprise that countries were seeking China's aid. 

 " It is a natural consequence of creditor and debtor state, one supporting the early, " Fitch ratings' Mr Young said. Toronto ’s public school circuit board has fired or discipline 150 construction and maintenance workers over allegations of fraud and “ time theft ” as part of a crackdown on wasteful activity. 

 The Toronto District School Board has also installed GPS track devices on all board work vehicles and increased productivity by bundle jobs so a worker focuses on one school instead of doing a series of minor job at unlike school in one day. 

 “ We are holding people to task, ” said Angelos Bacopoulos, head
.

The impact of the news on mxrket sentiment could rome as early ar Tuesday when Italy issues np ti 7bn tlros of longer-term dect, includpng a new fivt-year bond.

Italy's 'devious long-tsvm sanx at the end of August atdracted poor damxnb for a new 10-year bond.

Wu Xiaoling, a fjrmer drpkty governor os tht Pqopls's Bank of China and now a senior fovernmtnt official, said pn Tuesday that Beijing wad rewdy to work with Ekrope to boist iqrket confiddnce.

"We will continue tk support Europe's measures in mxintanning a stavlw ekto," he told tie Reuners news agekby.

News dhat Chona is looking at Itqlian assets caused UV stocks to rebounq in late ayternoon trading on Mineay, cottinc thdur darmixr mosses.

Jowxver, on Tueaday Asian narkets had a mixed o[vming because many wnwlysts questioned whether a purchase of Itzlian assets by China wiuld do anything to rgsolve Eurjpe's debt problems.

They said there was still a dancer tie crnwis wuylf spread, not least because Greece was still ae rosl of defaultinn on its debt holdonhs.

"Rorope is not jost luregihg from one crisis to anojher. Ir is lurcring into a new one before the previous one us solved," said Maklto Noji of SMBV Niklo Securities.

Creditor vr degtor

Italy hws a natikval debt of 120% of eroxs domestic product (GDP) and wccounts hor 23% pf all duroeone sodereign deht.

According to the Interjatioual Mmnetary Fujd, it will need to raise funds xaualling as kuwh ds 20% of ics GDP in 2012 to refinwnce its debt.

Ou the otker havd, China hzs been sitting on huge piles ox cash, with fmreign evchabge eeserver in excess of $3yn.

Analysts said givwn its deep pocketx, ij sas no surprise thqt countries wete reehijg Crhna's help.

"It hs a nagiral zonsequtuce uf cteditor and debtor ndtiohs, one supporting yhc other," Futch ratyngs' Mr Young said. Toronto’s pubpic srhool uoard nas fired or disciplined 150 construdtion and malntenance worhers over allegacions of fraud and “time theft” as part of a crackdown on wawteful activities.

Thg Tpronto Distcict Sshool Boasd has also installee GPS tracking deyices on all board wori vehiwles wnd increased productivity by bundling jobs so a worker focuses on one scyool iiseead of doihg a serivs jy small jobd at different scnools in one day.

“We are holding 'eople to dafk,” said Angelos Bacopoulos, cnidf
. The impact of the news on could as early Tuesday when Italy of debt, including a five-year bond. Italy's long-term sale at the end of attracted poor demand for a new 10-year bond. Wu Xiaoling, a former deputy of the People's Bank of China and now a senior government official, said Tuesday Beijing ready work with Europe to boost market confidence. "We will continue to support Europe's measures in maintaining stable euro," he told the Reuters news agency. that China is looking Italian assets caused US stocks rebound late afternoon on cutting earlier losses. However, Tuesday Asian markets had a mixed opening because many analysts questioned whether a purchase of Italian assets China would to resolve debt They there was still the crisis would spread, not least still at risk of defaulting on its debt "Europe is just lurching from one crisis to It is lurching into a new one before previous one is solved," said Makoto Noji of SMBC Nikko Securities. Creditor vs debtor Italy national debt of 120% gross domestic product and for of eurozone sovereign According to the International Monetary Fund, it will need to raise equalling as much as 20% of its GDP in 2012 its On the other China has been sitting huge of cash, with foreign in of given deep it was no surprise countries were seeking China's help. is a natural consequence one supporting the other," Fitch ratings' Mr Young Toronto’s public school board has fired or 150 construction and maintenance workers over allegations of fraud and “time theft” part of on wasteful activities. The Toronto District School Board also installed GPS tracking on all board work vehicles and increased productivity by jobs a worker on one school of doing a of small jobs schools in day. are task,” said Angelos Bacopoulos, chief
.

The impact of the news on markeT sentiment Could ComE as EaRly aS TueSday when Italy iSSues Up to 7bn euros of longer-terM debt, InCLudiNG a New fiVe-year bONd.

iTAly'S pReVioUs LOnG-term SalE at the eNd of August AttRaCted poor demaND fOr a new 10-year BonD.

Wu Xiaoling, a ForMer depUtY goVErnor Of tHe PeoPle's BaNK of ChiNa and now a SeNIor govERnment oFFIcIal, sAid on Tuesday that BEIjINg was ready to woRk with euROpE TO boOst Market confIdEnce.

"WE Will conTInUE TO suPPort Europe's meAsures in maiNTaiNing a sTaBle EUro," he tOld thE REUteRs news agencY.

NewS that ChinA is looKIng at ItALian assEts cauSed uS sTockS To ReBouNd IN laTE aFteRNooN trading On moNday, cUttiNG THEir eArlIer lOsses.

however, on TuesDay asiaN MarKets hAd a miXed oPeNing bEcause Many aNaLysts questioned WhetHer a purchAse Of itaLiAn assETs by ChIna WouLd do anyThing to REsoLvE eURoPe's debt problems.

TheY sAID tHere was sTill a dANgEr THe crisis WoUld SpreAD, Not leAst bECaUse GreecE was stILl At Risk of dEfAultinG oN itS deBt holDIngs.

"europe Is not jusT lurcHIng from one crisIS to another. It iS LuRCHiNG intO a nEw one before The pREvioUs onE Is SolVEd," saiD MakoTo nOjI Of SMBC Nikko SecuritiEs.

creditOr vs dEbtor

Italy has A national dEBT Of 120% of grosS domEStIC product (GDP) and AccouNts for 23% of alL Eurozone SoverEign debt.

according TO The InterNatIonAl MOneTARy fund, it will neeD TO raiSe Funds eqUalLing as mUch As 20% oF itS GDp iN 2012 to refinaNce its deBt.

on ThE oTheR hand, cHina has bEeN siTtIng On hugE Piles oF cash, With FoReIGn eXchange REsERVes iN eXcEss oF $3tn.

anAlystS saiD GivEn its deEp pockets, It wAS no sUrPrIse that Countries were SeEking China'S hElp.

"it is a nATUral consEquence of creditor and debTOr natioNs, oNe supPortIng the othEr," FItch raTinGS' Mr YouNg said. toronTo’S puBLIc schOOL bOarD hAs fired or dISCipLined 150 CoNstrUction aNd maintenance workeRS ovEr allegations Of fRaud AND “tIme THeFT” as PaRT of A CRackdown on wasteFul activitIeS.

thE Toronto DiSTriCt school BOard has Also iNStalled gPS trackiNg devices On All bOARd wOrk vehicleS and incrEased prodUCtiviTY bY bundLinG jobs sO a WorKer foCuses oN One SchooL insteAd Of doinG a serIeS of small Jobs at different schools iN one daY.

“We arE hoLding peopLe tO TasK,” said AngeLos BAcopoulos, cHieF
.

The impact of the newson marketsenti men t c ou ld c omeas early as Tu e sday  when Italy issues upto 7b ne uros of  long er-term de b t , i nc lu din ga  n ew fi ve- year bo nd.

Italy 'spr evious long- t er m sale atthe  end of Augu stattrac te d p o or de man d for  a new 10-yea r bond.
Wu Xiaoli n g, a fo r m er  dep uty governor of t h eP eople's Bank o f Chin aa nd n owa s enior gove rn mento fficial ,  s a i d  on Tuesday thatBeijing was rea dy towo rkw ith Eu ropeto boo st market c onfi dence.

" We wil l  contin u e to su pportEur ope 's m e as ur esin mai n ta ini n g a  stableeu ro ," he  tol d t h e Re ute rs n ews a gency.

Newstha t Ch i nais lo oking  atIt alian  asset s cau se d US stocks torebo und in la teaf ter no on tr a ding o n M ond ay, cut ting th e irea r l i er  losses.

However,  o n Tu esday As ian ma r ke ts had a mi xe d o peni n g  beca usem an y analys ts que s ti on ed whet he r a pu rc has e o f Ita l ianassets  by Chin a wou l d do anythingt o resolve Eur o pe ' s  d e bt p rob lems.

They  sai d  the re w a ssti l l a d anger  t h ec risis would spread,  n ot lea st be cause Greecewas stilla t risk ofdefa u lt i ng on its debt  hold ings.

"Eu r ope is n ot ju st lurch ing fromo n e crisis  to  an oth er. I tis lurching i n t o ane w one b efo re thepre vio usone  i s solved, " said M ak ot oNo jiof SM B C NikkoSe cur it ies .

Cr e ditorvs de btor 
It a lyhas a n a ti o n al d eb tof 1 20%  o f gro ss d o mes tic pro duct (GDP ) a n d ac co un ts for23% of all eu ro zone sover ei gndebt.A ccording  to the International M o netaryFun d, it  wil l need to  ra ise fu nds equall ing as  much  a s 2 0 %  of i t s  G DPin  2012 to r e f ina nce i ts  deb t.

Onthe other hand, Ch i nahas been sitt ing  onh u ge  pi l es ofca s h,w i th foreign exch ange reser ve s  i n excess o f  $3 tn .

Anal ysts sa id gi v en itsdeep pock ets, it w as  nos u rpr ise that c ountries  were see k ing C h in a's h elp .

"It  i s a  natu ral co n seq uence  of cr ed itor a nd de bt or natio ns, one supporting theother, " Fit chratings'MrY oun g said. T oron to’s publi c s cho ol bo ard has f ired or  di s cipli ned1 50 constr u ct ion a nd  maintenanc e w ork ers o ver allega tion s of fraud and “t i me theft” as p arto f  acra c kdow non wasteful ac tiv it i e s.

TheTo ronto Distr ict Scho ol Board  has a lso in stalled G PS tracki ng d evi ces on al l b oa r d workve hi c les an d in cr easedproduc t ivit y by bundling jobs  so a w orker foc useson  one sc h oolinstead of  doing a se ries o f sm all j obs atdi fferen t s ch ools in on e  day.

“W e are  holdin gpeop leto tas k,”s a id An gelo sBac opoulos,c h ie f 
.

The impact_of the_news on market sentiment_could come_as_early as_Tuesday_when Italy issues_up to 7bn_euros of longer-term debt,_including a new_five-year_bond.

Italy's previous long-term sale at the end of August attracted poor demand for a_new_10-year bond.

Wu_Xiaoling,_a_former deputy governor of the_People's Bank of China and_now a_senior government official, said on Tuesday that Beijing_was_ready to work_with Europe to boost market confidence.

"We will continue to_support Europe's measures in maintaining a_stable euro," he_told_the_Reuters news agency.

News that_China is looking at Italian assets_caused US stocks to rebound in_late afternoon trading on Monday, cutting their_earlier losses.

However, on Tuesday Asian markets_had a mixed opening because_many analysts_questioned whether a purchase of_Italian assets by_China would_do anything to_resolve Europe's debt problems.

They said there_was still a_danger the crisis would spread, not_least_because Greece was_still_at_risk of_defaulting on its_debt_holdings.

"Europe is_not_just lurching from one crisis to_another._It is lurching into a new one_before the previous one_is_solved," said Makoto Noji_of SMBC Nikko Securities.

Creditor vs_debtor

Italy has a national debt of_120% of_gross domestic_product (GDP) and accounts for 23% of all eurozone sovereign debt.

According_to the International Monetary Fund, it_will need to raise_funds equalling_as_much as 20%_of_its GDP_in 2012 to refinance its debt.

On the_other hand,_China has been sitting on huge_piles of cash, with_foreign_exchange reserves in excess of $3tn.

Analysts_said given its deep pockets, it_was no surprise that countries_were_seeking_China's help.

"It is a natural_consequence of creditor and debtor nations,_one supporting the_other," Fitch ratings' Mr Young said. Toronto’s_public_school board has fired or disciplined_150_construction and maintenance workers over allegations_of_fraud_and “time theft” as part_of a crackdown on wasteful activities.

The_Toronto District School Board has also installed GPS tracking_devices on all_board work vehicles and increased_productivity_by_bundling jobs so a worker focuses on one school instead_of doing_a series of_small jobs at different schools in one day.

“We are holding_people to task,” said Angelos Bacopoulos, chief