"The Italian debt is too large to be able to do without foreign investors who are now returning after an unattractive period".
This was declared by Maria Cannata, current president of Mts, the Government Bond Market, during the IlFoglio conference on the topic of Italy's attractiveness.
"Having a very clear and non-controversial foreign policy position is an extremely important factor that gives confidence and allows us to reduce the spread", added Cannata, referring to policy towards Europe, recalling that for interest on debt "Unfortunately we continue to pay more than Spain and Portugal ".
"Debt is a problem - Cannata began - because it costs a lot and takes resources away from other more useful and significant expenses. The anomaly of low and negative rates cannot be expected to return in the future even with a rate cut".
"The spread means more interest spending. Italy's is high. "Also because we have lower credit merit: because trust depends a lot on politics, not just on who manages the debt."
On the other hand, Cannata underlined. "The Over the years, Italy has been able to build elements of attractiveness.
There is an excellent relationship between debt managers and banks", she added, recalling that the Italian secondary market also serves to encourage investments other than retail investors.
Reproduction reserved © Copyright ANSA