The growth of spread Btp-Bund “is not the result of speculation against theItaly but with attention to keeping our accounts in order as much as possible”. Holy words from the outgoing Governor of the Bank of Italy, Ignazio Visco, which wisely threw water on the fire of the conspiracy syndrome fueled by the prime minister herself Giorgia Meloni according to which "the center-left already has the list of ministers" for the next one Technical government. Fantasies and ghosts of the past against which even the former right-hand man of Silvio Berlusconi, denying, on the occasion of the President's funeral Giorgio Napolitano” that the crisis of the summer of 2011 which led to the resignation of the Berlusconi government was the result of a conspiracy. On the contrary, it was the result of the markets' mistrust and a vote by Parliament. The syndrome of the 2011 financial crisis is back in the news in relation to the rise of the spread, but there is no conspiracy in sight. If anything, there is confirmation that a stony guest sits in Palazzo Chigi who it is wise to never forget: it is the financial markets that did not appreciate the blitz against the banks of August, the confusion on Pnrr, the continuous frictions with the Ue and, lastly, the raising of deficit in the next budget maneuver. Rather than chasing the ghosts of an existing conspiracy, Meloni would do better to reassure the markets by maintaining a prudent budget policy line, eliminating friction with Brussels but above all doing what the EU has been asking of us since it promised us the 200 billion of the Pnrr : investments and reforms, reforms and reforms, of which however there is no trace. Faced with the unseemly resistance of the beachgoers and above all of the taxi drivers, when will Meloni wake up? Luckily there is Visco who makes us understand that there is no speculation against Italy but a lot of tendency towards self-conspiracy. Thank you, Governor.
Visco: "There is no speculation against Italy" but the conspiracy syndrome fuels the specter of the caretaker government
The growth of the spread makes Meloni fear a financial crisis like in 2011 when the markets (and Parliament) distrusted the Berlusconi Government, paving the way for Monti's technical government - But Governor Visco wisely throws water on the fire but stimulates the Government to act his duty, keeping accounts in order and investments and reforms
