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1556865202353166800
Fri, 2019-05-03 06:27
MILAN: Italy’s borrowing costs are still too high and while this is not a problem for the sustainability of the country’s debt it poses a threat to economic growth, Economy Minister Giovanni Tria was quoted as saying.
In an interview with daily Il Foglio published on Friday, Tria said Italy would stick to budget commitments made so far and look to cut spending to be able to ease the tax burden.
“The cause for concern ...is the impact that an excessively high spread (between government bond yields) could have over time over growth. This is the issue,” Tria said.
The spread measures the difference in yield of Italian debt versus that of other countries.
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