Economics
Italy’s Finance Minister Admits the Government Is Worried About Markets
- Tria defends spending plan in testy hearing in parliament
- Cites meetings with investors to explain 2019 budget plan
Giovanni Tria
Photographer: Giulio Napolitano/BloombergThis article is for subscribers only.
Italian Finance Minister Giovanni Tria said the government is worried by the “unacceptable” bond yield spread, which on Tuesday was near the widest in more than five years.
Tria’s admission of concern came as he appealed for calm amid a war of words between the government and European Union authorities over Rome’s spending program for the coming year. But he offered no sign that the government will change its plans, repeating the targets that have already led to the bond selloff.