Shouldn’t he be busy cutting the Italian budget, instead? He is speaking before his confidence vote later this evening in Rome.
Majority of feed back from investors positive (Really, dude? Really?) If confidence improves and volatility falls, will be ready to join in EFSF leveraging schemes IMF cannot participate in EFSF funding; can contribute know-how Leveraging options received positive reception in … Continue reading
Italy has window of opportunity to reduce yields New Italian government is credible
AGGRESSIVELY!!! Oooooh, well I never…… Who would have thunk it?
And there was much rejoicing…
What could possibly go wrong? Italy’s debt has an average maturity of seven years. The coupon on the present 7-year BTP is 4.5%. The yield today is close to 7%. In other words, it is gonna cost Italy a huge … Continue reading
Translation: Yes it is…but just much, much bigger and more systemically important.