"No worries" on the part of the Treasury on the refinancing of the Italian public debt in 2015. Maria Cannata, director general in charge of the public debt sector of the Treasury, said today on the sidelines of a debate at the Euromoney conference underway in Milan.
As for the figures, “it is too early to give precise indications, we are preparing the estimates – he added -. The only sure thing is that there are several maturities, but also that we have already narrowed them down enough with the buyback and that they are well spread over the course of the year. Therefore, although the level is even a little higher than that of the record year 2012, it is not said that we won't improve it a little more”.
2015, assured Cannata, “is much better distributed in terms of maturities over the course of the year, it does not have the excessive concentration of 2012. This, combined with the fact that we have abundant liquidity because the current year has gone very well, there create no worries”.
Regarding a revision of the 2014 gross funding target, established at 470 billion, Cannata declared that it could "further be revised downwards" and that around 10 billion in savings are already "practically acquired, forfeited".
Finally, the Treasury does not rule out possible issues in currencies other than the euro for the future, depending on the decisions taken by the Fed: "Should there be greater interest in the dollar, it is possible that there may be more opportunities", he ended Cannata.
