Having largely benefited from the years of negative interest rates, Italy could well be one of the first collateral victims of the change in strategy of the ECB, which should as of this summer stop buying the Treasury bonds of the member countries of the euro zone and could raise its key rates.
This turnaround has already led to a change in the markets in which states borrow.
Since the beginning of the year, the rate at which Germany borrows for ten years has left negative territory (-0.19%), where it had been evolving for three years, to reach 1%.
At the same time, that of France went from zero (0.19% on January 1) to nearly 1.6%.
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But it is above all, logically, in the most indebted countries of the euro zone that the cost of borrowing rises the most.
The gap between the rates of Spain, Greece or Italy with the reference rate, that of Germany, the "spread", continues to widen.
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This is particularly the case for Italy, the zone's third largest economy...
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