The spread, "that indicator that none of us consider mythical and that we like more when it goes down than when it goes up, is showing great positive attention to what we announced and approved yesterday". Prime Minister Mario Monti finds comfort in the markets, which he illustrated to the Chamber of Deputies in the afternoon the economic maneuver launched yesterday by decree of the Council of Ministers. “Our government bonds they have impressive wealth – added the Professor -, they have excessively high yields which we hope will soon go on the market”.
From this morning the differential between XNUMX-year BTPs and the corresponding German Bunds it dropped by more than 70 points, going from 454 to a low for the day of 374, which was recorded at 16 pm. Yields, on the other hand, fell to 30%.
Monti then announced that tomorrow the CIPE will release “5,2 billion euros to guarantee a vast plan of works”. Among the interventions that will be financed there will be “major railway works such as high speed, the third pass of Giovi, the Mose, extraordinary maintenance works throughout the national territory by Anas and the Italian railway network. Several interventions will be in the South: Statale 106 Jonica, Naples metro, Palermo-Agrigento, the Port of Taranto".
The Italy “that we are designing – continued Monti – is the one that we must hand over to our children. We ask for sacrifices from all components of the country. Not making these sacrifices means not making much more serious ones in a few weeks, if not a few days".
On the stability of public finances "the signal must be strong and without uncertainties, if the stability of public finances is not immediately ensured, it will be too late to think of more articulated interventions to free up dynamic forces that are large but often in the latent potential state of the Italian economy" .
