ROMA , May 6 (Reuters) – Rising yields on Italian government bonds recorded in the last hour is not necessarily due to the tensions on Greece, according to Economy Minister Pier Carlo Padoan.
When asked by reporters in Rome today after a meeting with Finance Minister greek Yanis Varoufakis, Padoan said the recent rise could be due to the fact that the market expects more growth.
“The spread has gone up because they went on German rates and proportionately rates Italians”, said the minister. “Is not it obvious that it is the effect of Greece, is trapped a positive effect of the fact that markets expect more growth.”
The spread in yields on Italian ten-year bonds compared with German ones has now closed around 134 points, a day after it had closed at 130 points, from 108 on Monday.
(Giuseppe Fonte)
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