Yes, a basket case Can never get enough of Angela is what I say….. Govts must be prepared to be more integrated on budget policy in Europe New Italian govt has made it clear it will move quickly New Italian … Continue reading
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.
Other appointments include: Corrado Passera (Intesa SP CEO)- Infrastructure and Industry minister Fornero- Wellfare minister Remainder of ministers TBA Hopes to calm “specifically Italian” market Lack of politicians in cabinet will help facilitate work Sees no conflict of interest in Passera’s … Continue reading
Spread between 10 year Italian and German govt bonds has narrowed further, presently at 493 bps from 530 when I arrived. EUR/USD reaches session high 1.3558, presently at 1.3550.
European stocks seeing general improvement. Spread between 10 year Italian and German govt bonds narrowing. Down at 507 bps from around 530 bps when I first sat down.