Italy’s Risk Is Declining, UniCredit’s Nicastro Tells Messaggero
Investors have not fully recognized that sovereign-credit risk in Italy is declining, UniCredit SpA (UCG) General Manager Roberto Nicastro told Il Messaggero.
The market doesn’t seem to have reacted to important developments that may improve public finances, including the change of governments in Italy, Spain and Greece and the European Central Bank’s three-year auction that injected liquidity into the banking system, Nicastro said in an interview with the Italian newspaper.
The risk of a new “heavy” recession in the euro region should be excluded, he told Il Messaggero.
To contact the reporter on this story: Armorel Kenna in Milan at akenna@bloomberg.net
To contact the editor responsible for this story: Sara Marley at smarley1@bloomberg.net
Rate this Page
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.