The recent rate increase it is the result of tensions of a global nature that come from outside and are not generated by European factors. Economy Minister Fabrizio Saccomanni said today at the end of the Ecofin meeting in Luxembourg.
"Certainly the uncertainty has more repercussions on those with higher debt" he adds, reiterating however that this is a situation that arises from an external source and that there is probably a phase of readjustment of the portfolios of large international investors who "have been caught off guard” by the Fed's announcement. The minister then identifies this jolt in the portfolios of large bond market operators as the possible cause of the trend in the spread, today at 286 basis points.
Finally, Saccomanni declared himself satisfied with the formal closure of the EU procedure for excessive deficit with Italy, "a step we were all counting on", assuring that the Italian government's objective is to remain in line with European rules.
