The Italian Treasury has canceled the scheduled auction Monday evening indexed BTPEI, scheduled for Friday 27.
The news is not positive if you think that Italy will have to renew more than 150 billion of debt over the next four months.
We'll see how the markets assess the ability of our government and the measure with the spread between our German bund and btp.
Monday August 30th we will have the first response from the markets that our price for political uncertainty.
If the spread will rise sharply then appoint Tremonti will be inevitable.
0 comments:
Post a Comment