Italian Finance Minister let it be without EU aid
August 12, the Finance Minister of Italy, Vittorio (Vittorio Grilli), said in an interview that the heavily indebted Italian government does not need to accept bailout funds from the EU, but need to use "less noise" of financial markets.
 
Vittorio said: "We believe that the financial instruments of the European Central Bank has in place, as long as these financial instruments, normal operation, the ongoing spread of tensions can be eased only thing we need is the market a little quiet, a normal market We ordered the issuance of bonds is very favorable. "
 
Vittorio will be the current tight market sentiment attributed to the "now of no confidence against the euro has become the market mainstream, and secondly, they do not believe we can the euro zone economy back on back on track."
 
It is this trust to Italy and other euro-zone bond yields pushed up to almost unsustainable level, Italy's 10-year bond has long-term high levels above 6%, second only to the current debt crisis in Europe The most central Spain.
 
"There are no Italian problem, If the past is any, under the influence of the current government's austerity policy in recent months, this potential risk is also eliminated. Italy is one of the most dynamic economies in Europe." Dimension Tuo Liao said. This view has been endorsed by assistant researcher at the CASS Institute of World Economics and Politics of International Financial Research Center, Xiao Li Sheng, Xiao Li Sheng "First Financial Daily" said the Italian the Monty government came to power since the austerity policy has worked.
He believes that the Italian national economy does not exist a big problem, and even its national debt is large, most of them are in the country, like Japan, Japan's national debt accounts for 200% of GDP, but still there is no problem , because the impossible situation of a country's people to sell their government bonds. "
 
Italy is in all EU member states, the second highest debt levels in countries, accounting for 123.3% of the gross domestic product (GDP).
Xiao Li Sheng's view, 2 to 3 months, Italy will not appear relief the possibility of Italy's main risk is that bond yields in Spain continued to surge, if it continues, then the nervousness of the market will be further conducted to the Italian, resulting in the Italian financing further increasing the cost.



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