Impasse continues, but warns speculators
Deputy Prime Minister Salvini speaks:
- No Italian bank will collapse
- Government won't backtrack even by half a millimeter on budget
- Italy is ready to respond if anyone is thinking of speculating and using bond spreads to try to weaken it
- Sees no objection to possible Monte Paschi merger with another bank, "if it makes economic sense"
The German/Italy 10 year spread is trading at 307 bps. It was near 320 on Wednesday.
