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Italian Premier Checking for Market Rebound on Way to Kremlin

  • Conte cites popular support in interview with Bloomberg
  • Premier monitors spread on cell phone, sees bonds rising
Giuseppe Conte on Oct. 23.
Giuseppe Conte on Oct. 23.Photographer: Alessia Pierdomenico/Bloomberg
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European Union leaders and bond investors are dragging Italy’s populist government over the coals for its defiance of EU spending rules. But at his palatial office in central Rome, Prime Minister Giuseppe Conte is relaxed.

“After several months, this government has about 60 percent support in opinion polls,” Conte, 54, said with a smile in an interview with Bloomberg News on Tuesday. “We’re the most envied government in Europe.”