(ANSA) - New York, February 9 - Economy Minister Pier
Carlo Padoan has said Italy is turning the corner on its massive
public debt of over two trillion euros, which is forecast to
start coming down this year. "This will mark a turning point for
the country and change the skepticism that the markets have
regarding the Bel Paese," Padoan said in an interview with
Bloomberg. The minister was commenting amid turmoil on the money
markets, which saw the spread between Italy's 10-year BTP State
bond and the German equivalent rise sharply on Monday. Italy's
high debt of over 132% of GDP was the reason the country risked
a Greek-style financial meltdown at the height of the eurozone
crisis in 2011, when the Italian spread hit peaks of over 500
points.
Padoan says Italy turning corner on debt (2)
Minister predicts skepticism of markets will end