The spread between our BTPs and the German Bunds jumped to 187 points, after Standard&Poor's revised the outlook for Italy downwards, from stable to negative.
The strong tensions on the currency and stock markets, due to the uncertainties of Greece, are heavily affecting the debt of the countries most at risk, in particular Spain, Portugal and Ireland. The scenario is aggravated by the outcome of the administrative elections in Spain and Germany, which saw heavy defeats of the government coalitions.
