FXstreet.com (Barcelona) - On Tuesday Austrian Finance Minister Maria Fekter played down her comments made during a television interview on Monday night when she suggested that Italy could be asking for a bailout shortly, which the EU might not be able to provide.
Italian PM Mario Monti reacted to her remarks saying that “It is totally inappropriate for ministers to comment on issues referring to other countries, and as such I won't comment her comments.” Later on Tuesday Fekter told reporters that she does not see any signs of Italy asking for EU funds.
Investors' worries about contagion from Spain and Greece caused the Italian 10-year bond yield grow to 6.15% and the risk premium reach 480 points on Tuesday.
Italian PM Mario Monti reacted to her remarks saying that “It is totally inappropriate for ministers to comment on issues referring to other countries, and as such I won't comment her comments.” Later on Tuesday Fekter told reporters that she does not see any signs of Italy asking for EU funds.
Investors' worries about contagion from Spain and Greece caused the Italian 10-year bond yield grow to 6.15% and the risk premium reach 480 points on Tuesday.
