Is a 2011-style hurricane hitting Italy?
Will Rome need the 'anti-spread shield' promised by the ECB?
The peninsula was certainly one of the first countries attacked after the announcement of the end of cheap money and public debt buybacks by Frankfurt, of which it was one of the first beneficiaries.
Because with 2678 billion euros in public debt at the end of April (+ 79 billion over one year), which reached 150.8% of its GDP at the end of 2021, Italy is, after Greece, the second most indebted country in the euro zone.
Its rate on ten-year Treasury bills rose to 4.28% at the start of the week, posting a spread of 253 basis points with the German rate: a "spread" that Italy had not experienced since the end of 2013, a period of great crisis.
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To attract investors, the Treasury must now offer them significantly higher yields.
“
If the rates remain at this level
, explains to
Sole 24 ore
Gianni Piazzoli, head of investments…
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