Visco says lower risk now of Greek 'contagion' - update

Central banker says narrow spread proves Italy's stability

(ANSA) - Istanbul, February 10 - Bank of Italy Governor Ignazio Visco said Tuesday that there is less risk now of "contagion" for Italy from Greece's debt-market woes than during the global financial crisis in 2011-2012. The proof is in Italy's relatively narrow spread with Germany, below 130 basis points, said Visco after G-20 meetings where the Greek debt crisis dominated. "The measures taken by Europe have convinced financial markets that the monetary union is not just a fixed exchange rate system but a real union," he said.
   

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