Market 'discipline' on Italy? Be careful what you wish for: McGeever
Market 'discipline' on Italy? Be careful what you wish for: McGeever
LONDON (Reuters) – The new Italian government’s latest budget proposals have caused consternation in markets and irritation in Brussels – yet many at the heart of euro policymaking will quietly feel a dose of market discipline is a precisely what’s needed to rein Rome in.
Let the bond vigilantes loose, is how thinking goes. A surge in Italian government borrowing costs and steep drop in the…
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