ECB's Nowotny: No risk of a recession. Growth is normalizing

Author: Adam Button | Category: Central Banks

Comments from the ECB's Nowotny

  • Italy's true problem is the real economy
  • Italy is a risk as yields widened 'massively'
  • Italian banks bought a significant volume of government bonds

Italian 10-year yields are at 3.39% today compared to 0.45% for German 10s.

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