According to Reuters, citing an unnamed government source
Pretty much the classic stuff these days, eh? This was the earlier report by La Stampa. The headline here has pushed Italian bond yields back to the highs for the day but it's not resulting in any major blow up just yet.
All eyes will be on the European Commission's response that is to come later on in the day. That will be the determining factor for where markets will end up moving in the session ahead.
The euro has also been dragged lower by this with the dollar gaining as a result. EUR/USD now down to 1.1379 from close to 1.1400 earlier.
