Martedì, 16 Ottobre 2018

Spread climbs amid fears of Italian govt collapse


(see related story)
Rome, December 6 - The spread between 10-year
Italian bonds and the German benchmark shot up six points on
Thursday after ex-premier Silvio Berlusconi's People of Freedom
(PdL) party announced it was abstaining in a Senate confidence
vote for a development bill.
The move sparked fears the PdL may cause Premier Mario
Monti's emergency government to collapse.
The spread is an important barometer of market confidence
in Italy's ability to weather the eurozone crisis.
There has been speculation the PdL, the biggest party in
parliament, could withdraw its support from the government to
provoke early elections in which Berlusconi would stand for a
fourth term as Italian premier.
The spread edged up by one point to 311 after the opening
of business on Thursday but then shot up to 317 following the
PdL's announcement on the confidence vote.

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