Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Monte Paschi Says Italy Spreads Need to Decline, Repubblica Says

Aug. 11 (Bloomberg) -- Banca Monte dei Paschi di Siena SpA chief executive officer said Italian government bond spreads need to fall by the end of the year to avert “strong” contagion to the economy, La Repubblica reported.

The European Central Bank, the European Financial Stability Facility and the European Stability Mechanism must purchase government bonds in the primary and secondary markets, Fabrizio Viola told the newspaper in an interview published today.

Viola said he doesn’t expect a reversal of trends including the bank’s rising bad loans and writedowns in 2012, according to the newspaper.

To contact the reporter on this story: Elisa Martinuzzi in Milan at

To contact the editor responsible for this story: Edward Evans at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.