“I don’t see a significant increase in prevalence before the presidential elections in Italy, I think the spread will remain somewhat at current levels“he said that Sylvain Breuer, chief economist for Europe at S&P Global Ratings, during a press conference on Italy’s outlook. Among the priorities for Italy, Breuer noted, is “not to jeopardize the current strong confidence of businesses and families,” an issue linked to the political situation. But “our basic premise is that there is little incentive to go to early elections, we are quite confident in the case for continuity.”
The widening of the spread seen since last October, according to the rating agency’s economist, is due more to expectations of reduced ECB purchases of securities than political scenarios.
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