Speaking at a business conference on the shores of Lake Como on Sunday, the Italian Economy Minister Giovanni Tria noted that his government plans to implement new fiscal policies to spur the economic growth, which could trigger a drop in the Italian bond yield spread.
Key Quotes (via Reuters):
“As the government puts words into actions, the (bond yield) spread will return to more normal levels.”
“We will implement these measures gradually… We are looking into Italy’s big state balance sheet to find financial resources to be shifted toward these measures.”
It’s worth noting that the gap between Italian and German bond yields fell almost 50 basis points at the end of last week.
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