Comments by newly appointed head of the budget committee in the Italian lower house, Claudio Borghi
Well, I'm not too sure if he's following the right story then. Borghi's appointment alongside Alberto Bagnai - another euroskeptic like himself - kick started a bit of rumble and tumble in Italian assets yesterday.
Anyway, he says the the widening bond yields spread between Germany and France is due to the fact the two countries mentioned are nearing an agreement on debt restructuring procedures for the Eurozone. Classic denial much?
He also made a comment earlier in the day saying a euro exit would help to solve a lot of Italy's problems but maintains that it is not part of the government's agenda.
Looking at Italian bonds today, the yields spread between Italy and Germany 10-year bond yields have narrowed a little to 232 bps now after having touched around 240 bps yesterday.
