Italian Economy Minister Said Close To Resigning Over Rift With PM
Zero Hedge -

As Italy's ruling populists hint that they would be open to lowering their budget deficit target (on the condition that they have enough left over to fulfill their campaign promises for generous tax cuts and social welfare programs), investors in Italian bonds are happier than they have been in months. Yields on Italian bonds declined to their lowest level in five months, having erased the entirety of their budget conflict-inspired rise, on reports that the EU might be willing to shelve its...

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