Bond spread drops further amid Draghi govt talks
Spread has plunged 18% since Tuesday
05 Febbraio 2021
ROME, FEB 5 - The spread between Italy s 10-year BTP
bond and the German Bund plunged further on Friday, dropping to
94 basis points, amid optimism that Premier-designate Mario
Draghi will be able to form a new government as he talks to the
nation s political parties.
The spread has fallen by 18% since President Sergio Mattarella
handed the former head of the European Central Bank a mandate to
try and form a new government after outgoing Premier Giuseppe
Conte s executive collapsed.
The yield on the 10-year BTP was down to 0.511%, while the Milan
Italy s Conte: Draghi s new government should be political yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
MILAN (AP) — The former European Central Bank chief credited with helping to save the euro has now been tapped to lead Italy, the eurozone s third-largest economy, out of the
Mario Draghi wins support of ex-Italian PM who triggered crisis theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.
Draghi wins support of ex-Italian PM who triggered crisis
by Colleen Barry, The Associated Press
Posted Feb 5, 2021 1:30 pm EDT
Last Updated Feb 5, 2021 at 1:44 pm EDT
Former Italian Premier Matteo Renzi arrives to brief the media after meeting Mario Draghi at the Chamber of Deputies in Rome, Friday, Feb. 5, 2021. Mario Draghi has been working to secure the required backing in Parliament for him to govern. (Roberto Monaldo/LaPresse via AP)
MILAN The former Italian premier who triggered the collapse of a successor’s government threw his support Friday behind former bank chief Mario Draghi to head up Italy’s next government, which will have the job of allocating more than 200 billion euros ($240 billion) in European Union funds to relaunch the country’s pandemic-ravaged economy.