Euro and Italian bonds are given a mild lift after Five Star leader Luigi Di Maio said the never sought to leave the Euro via facebook comments. He said that with the “Government of Change” they should be meeting with other EU countries to explain to the the “economic policy that has never foreseen the exit from the euro.” Meanwhile, he blamed the over 300 German Italian spread on the lack of prospects of the interim technocrat government.
Separately, Bank of Italy Governor Ignazio Visco warned that Italy is just a few short steps away from “the very serious risk of losing the irreplaceable asset of trust”. He defended that Italy is “not constrained by the European rules but by economic logic” and there was no “shortcut” to lower the country’s debt.
