The upward race of the spread continues. The yield differential between the BTP and the German Bund has broken through the threshold of 180 basis points. “Increase the spread? – commented Prime Minister Matteo Renzi -. Of course, if there is uncertainty it increases. It's not a threat, it's an observation."
"Stability is essential to make well-designed reforms," said the president of the ECB Mario Draghi recalling the government work of the president emeritus Carlo Azeglio Ciampi during the day in his memory organized at the Ministry of Economy and Finance.
Ciampi managed to achieve for the Treasury from 1996 to 1999, in the Prodi government, a "constellation of results never achieved again", Draghi said again, recalling how as a minister he managed to achieve "the objectives set" in the fields of "restoration of public finance, of privatizations and entry into the euro”, as well as a 3% growth in GDP, a drop in the debt/GDP and the deficit/GDP ratio.
