(AGI) Rome, Mar 6 - The European Central Bank (ECB) decision tobring in Quantitative Easing next Monday has rattled thefinancial markets. The move was announced by ECB head MarioDraghi on Thursday. The spread between 10-year Italian andGerman bonds had narrowed to 93 basis points by close of playon Friday, after falling below 90 points for the first timesince April 2010. Bond yield rose to 1.32 percent after hittinga new record low of 1.26 percent. The gap between Spanish andGerman bonds was 90 basis points, at a 1.29 percent yield. Theeuro fell to an 11-and-a-half-year low of 1.0870 dollars.European markets closed mixed after the ECB announcement and anegative performance from Wall Street, amid fears thatbetter-than-expected U.S. employment data would bring a rise ininterest rates sooner than previously predicted. The FrankfurtDAX rose 0.41 percent to 11,551 points, bolstered bybetter-than-expected industrial production figures. Milanclosed above parity, with the FTSE MIB up 0.16 percent at22,436 points, as did Paris, which gained 0.02 percent to 4,964points. In London the FTSE 100 fell 0.71 percent to 6,911points, while Madrid fell 0.4 percent to 11,080 points.Meanwhile on Friday morning, Greek Finance Minister YanisVaroufakis sent the Eurogroup a letter listing seven proposedeconomic reforms. These include the setting-up of a FiscalCouncil, a new method for drawing up budget legislation,reducing bureaucracy, measures to address the 'humanitariancrisis' into which Greece has been plunged, fiscal reform andcurbs on tax evasion. The letter, sent to Eurogroup PresidentJeroen Djisslebloem ahead of Monday's Eurogroup meeting, alsosaid that the Greek government was eager for high-leveldiscussions on a possible new bailout extension to take placeas soon as possible. If the Eurogroup approves the reforms, itwill give the go-ahead for a four-month extension. (AGI). .