According to Reuters, the European Central Bank intends to condition the unblocking of the purchase operations of Italian government bonds on an immediate commitment by the government on specific recovery measures. The pressing exercised by Frankfurt could therefore be the reason for the unexpected press conference that Silvio Berlusconi and Giulio Tremonti will hold at Palazzo Chigi at 19pm tonight.
ECB: Italy to start restructuring measures immediately or not to buy government bonds
The institution is pressing the Italian government to take immediate measures on public finances. The pressures may have led to the announcement of a press conference by Prime Minister Berlusconi and Treasury Minister Tremonti this evening at 19pm.
FIRSTonline editorial team
FIRSTonline is an independent web journal of economics, finance and stock exchange published by AL Iniziative Editoriali Srl with registered office in Rome, founded and controlled by Ernesto Auci e Franco Locatelli and owned by two minority shareholders (Alessandro Pavesi and Laura Rovizzi). The portal and its applications are created in daily life by two agile editorial offices, one in Milan and one in Milan Roma, and by an innovative and effective team of innovation and web managers.
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