ECB's Angeloni: Italian recession is self-inflicted
Comments by ECB's Ignazio Angeloni
- Recession stems from policy choices that drove up bond yields spread
- Higher bond yields spread translates to tightening of credit conditions
- Italy's recession is another factor weighing on the Eurozone economy
Angeloni not sparing his own countrymen any blushes with these comments here. But it certainly is not what the populist government really thinks, despite Italy falling into a technical recession at the end of last year.