President Sergio Mattarella cited
"uncertainty" about whether Italy will keep the euro as a factor
after he rejected Paolo Savona's nomination as economy minister
which led to premier designate Giuseppe Conte to drop his bid to
form a M5S-League government.
"The uncertainty about our position in the euro has alarmed
Italian and foreign investors who have invested in our bonds and
companies," the head of State said.
"The increase of the (bond) spread increases the (public)
debt) and reduces the possibility of spending in the social
field.
"This burns away resources and the savings of companies and
prefigures risks for Italian families and citizens, including
for mortgages".
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