ECB’s Angeloni: Italy’s recession is another factor weighing on Eurozone economy

Reuters is out with the latest comments by the European Central Bank (ECB) Governing Council member Ignazio Angeloni, with the key headlines found below. Forward-looking indicators confirm Eurozone economic slowdown, signal prospects are very uncertain. Italy's recession is another factor weighing on Eurozone economy. Italian recession is self-inflicted, stemming from policy choices that drove up Govt bond yield spreads. Recession stems from policy choices that drove up bond yields spread. Higher bond yields spread translates to tightening of credit conditions. Terms of new TLTRO tenders will be defined in best possible way to stimulate financing of real economy.