Brussels

Bond spread fall sign of new market confidence says Grilli

Differential hovers around 300 basis points on Tuesday

Bond spread fall sign of new market confidence says Grilli

Brussels, December 4 - The fall in the yield spread between Italian ten-year bonds and the German benchmark equivalent is a sign of newfound market confidence in the euro and in Italy, Italian Economy Minister Vittorio Grill said on Tuesday. The drop in the spread ''is due to a combination of factors, the European Union and Italy are honouring their commitments and so there is a positive judgement by the markets which have renewed confidence in the euro and in Italy,'' he said. The spread between the Italian Btp and the German Bund hovered around the psychologically important 300-points mark on Tuesday. Technocrat Premier Mario Monti has said his aim is to bring the differential down to 287 basis points, exactly half what it was in November 2011 when he was brought in to replace Silvio Berlusconi and salvage the struggling economy, before his term ends in early spring.

Lascia il tuo commento

Condividi le tue opinioni su Gazzetta del Sud online

Caratteri rimanenti: 400

Le altre notizie

i più letti di oggi