Bank of Italy Governor Ignazio
Visco said Wednesday "this spread is ridiculous because it
reflects the fear that debt won't be rapid or won't be repaid at
the values" at which it was contracted "and therefore with a
different currency" from the euro.
He said "some people are saying it, some people believe it
too but it is great foolishness that spurs distance between the
growth rate and the interest rate and therefore puts a limit to
the capacity of using public investments for make investments".
He added that Italy's public debt was sustainable but that
growth was needed.
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