The spread between Italian
and German 10-year bonds, a gauge of Italy's borrowing costs and
investor confidence, has dropped by 200 points since 2012 and
this means the financial market situation has improved, European
Central Bank (ECB) chief Mario Draghi told a European Parliament
hearing Monday.
"Fragmentation has decreased substantially and business and
family financing conditions have improved markedly throughout
the eurozone" since 2012, Draghi said.
The spread closed Monday at 130.1 points. The yield was
1.18%.
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