During yesterday’s episode of the television program Fourth Republic dedicated to the election of the President of the Republic, Leopoldo Gasbarrodirector of Wall Street Italy, highlighted the stability of the spread BTP / Bund around 140 points despite the uncertainty regarding the outcome of the votes.
This what it means, that the financial markets know something that we do not know for the election to the Quirinale? Are they therefore convinced that in the end Mario Draghi will still be elected to the Quirinale?
The former president of the ECB has always been considered a element of stability and security for a highly indebted country like Italy and with a stagnant economy for 20 years.
The litmus test will arrive today with the new ten-year BTP auction. Will international investors, who hold a large share of our government bonds, make their voices heard on this occasion?