Economics
Italian Bonds Slide as Tempers Flare Over Budget Proposals
- Finance Minister Tria clashes over budget, La Stampa says
- Tria due to speak at Bloomberg conference in Milan on Tuesday
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Italian bonds declined as Deputy Prime Minister Luigi Di Maio clashed with Giovanni Tria over budget proposals, adding another layer of uncertainty over the future of the finance minister.
Ten-year yields climbed from the lowest level in more than a month after La Stampa reported that Di Maio said ministers at a top-level government meeting Monday evening were unwilling to approve his proposal to provide basic income for the poor.