Martedì, 16 Ottobre 2018
ROME

Monti meets PdL secretary after spread storm

English
© ANSA

(ANSA) - Rome, August 8 - Italian Premier Mario Monti will
meet the secretary of Silvio Berlusconi's People of Freedom
(PdL) party on Wednesday after his controversial comments on
Italy's bond spread.
Monti said Italy's bond spread with respect to the German
benchmark would be around 1,200 points, almost three times its
current level, if Berlusconi's government were still in power.
The premier called Monti on Tuesday to say he was sorry
about the storm caused, with one senior PdL member suggesting
the party could withdraw its support for the government.
PdL Senators also deserted their seats in protest on
Tuesday to make it impossible for the Upper House to reach
quorum and do much of its last-minute business before the summer
recess.
In the House, PdL MPs caused the government to lose a
procedural vote in the House on its 26-billion-euro package of
spending-review cuts, although the bill won definitive approval
later in the day.
The spread is an important indicator of investor confidence
in Italy's ability to weather the eurozone crisis.
Wednesday's meeting between Monti and PdL Secretary
Angelino Alfano had already been scheduled before the furore
over the comments on the spread.
Earlier on Wednesday, Monti met Pier Ferdinando Casini, the
head of the centrist UDC party that also supports the former
European commissioner's emergency technocrat government.

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