He said in comments on Italy’s new government
He takes note of the situation in Italy and remains confident in Italy’s commitment. He’s also been on the blower to Letta this morning.
Also just heard that Napolitano will be starting talks on the new government around 16.00 gmt today.
So far the market is ignoring all the goings on but if they start hitting stalemates and such then we could see the market take notice.