Giovedì, 20 Settembre 2018
ROME

Spread hits Monti goal of 287 points

English
© ANSA

Rome, January 2 - The spread between Italian 10-year
bonds and the German benchmark, the key gauge of market
confidence in Italy's ability to pay down its huge debt, fell to
287 points Wednesday, a landmark policy goal set by outgoing
premier Mario Monti.
A spread of 287 is exactly half the level it was at when
Monti took over from Silvio Berlusconi with Italy at the centre
of the eurozone debt crisis in November 2011.
The yield fell Wednesday to 4.30%, its lowest since December
2010.
When economist and former European commissioner Monti took
the helm from Berlusconi the yield was stuck at the long-term
unsustainable mark of 7%.

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