No Italian bank will go bust
because of the rising bond spread due to Italy-EU budget
ructions, Deputy Premier Matteo Salvini said Friday.
"No bank will go to the wall. If someone is thinking of
speculating at the expense of savers and Italians, let him know
that there is a government and a country ready to defend its
businesses, banks and economy, at whatever cost", he said.
European Central Bank chief Mario Draghi said Thursday a
consistently elevated spread, a gauge of investor confidence in
Italy's ability to pay down its debt, would impact banks.
He voiced the hope that budget talks with the European
Commission would lead to a smaller deficit than 2.4% next year
and spark a fall in the spread.
Salvini also said Friday that "we will not go back even half
a millimetre" on the budget.
ALL RIGHTS RESERVED © Copyright ANSA
