Italy Denies Reaching Out to ECB for Help on Bond Purchases
- Official quoted by Stampa said new QE needed to shield debt
- Italian yields have risen since new government came to power
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Italian Deputy Prime Minister Luigi Di Maio denied Italy is looking for help from the European Central Bank after a media report suggested that the cabinet in Rome is reaching out to the Frankfurt-based institute for a new round of government-bond purchases.
“We are not asking for any help from anyone, as there is no speculative attack” at present against Italy, he told reporters in Cairo on Wednesday during an official visit to Egypt. “Should such an attack take place, we will verify its nature, given that Italy is not new to speculative attacks aimed at bringing down governments”