Spread rise not justified - Tria

Pressure on bonds will ease says economy minister

(see related) (ANSA) - Rome, October 9 - Economy Minister Giovanni Tria said Tuesday that the rise in Italy's bond spread was not justified, adding that he was not expecting a new crisis.
    "The spread (level) is not justified with respect to the fundamentals of our economy," Tria told a parliamentary session on the government's DEF economic blueprint.
    He added that, although the current spread levels were "not acceptable", up to now "there has not been an explosion of the spread, as some feared.
    "We think that it can come back down to a normal level as we explain the budget," he continued.