FILE PHOTO: Italian Economy Minister Giovanni Tria attends as Prime Minister Giuseppe Conte (unseen) speaks during his first session at the Lower House of the Parliament in Rome, Italy, June 6, 2018. REUTERS/Tony Gentile/File Photo
September 9, 2018
CERNOBBIO, Italy (Reuters) – The premium Italy has to pay to borrow on financial markets compared with less-indebted European countries will fall as the new government starts to implement its fiscal and economic policies, the economy minister said on Sunday.
“As the government puts words into actions, the (bond yield) spread will return to more normal levels,” Giovanni Tria told a business conference on the shores of Lake Como.
He said a rise recorded in the spread between Italian and German government bonds yield showed “markets did not believe government assurances that it would cut public debt”.
He said the coalition government would focus on growth with the aim of halving the gap between Italy and the rest of the eurozone when it came to economic expansion.
(Reporting by Francesca Landini; Editing by Crispian Balmer)
