Lunedì, 22 Ottobre 2018

Monti warns bond pressure could lead to Euro-skeptic Italy


(ANSA) - Helsinki, August 2 - Premier Mario Monti on Thursday
warned that Italy risked turning Euro-skeptic if its bonds
stayed under pressure and its borrowing costs remained high
despite efforts to put its economic house in order.
"The high level of the (bond yield) spread does not
necessarily lead to good policies and economic reforms, but
exactly the opposite," Monti told reporters in Helsinki before
ending a visit to Finland to travel to Madrid for talks with
Spanish Prime Minister Mariano Rajoy.
"That's because I can guarantee that if the spread stays at
this level for some time, we will not see a pro-Europe
government in power in Italy but one that is not orientated
towards the euro and in favour of budget discipline".
Former European commissioner Monti's emergency technocrat
administration is set to make way for a return to a government
run by Italy's political parties following elections next year.

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