Italy: Turbulence surrounding the budget extends – Danske Bank

Sandeep Kanihama FXStreet Contributor

Analysts at Danske Bank point out that the turbulence surrounding the Italian budget continued yesterday.

Key Quotes

“With no DEF published and scarce communication on further underlying assumptions from the government, the day ended with 30bp higher yields in the 2Y area. Particularly noteworthy are the media reports yesterday morning where the EU was said to reject the budget and President Juncker's comment in the evening that 'we have to prevent Italy from being able to get special treatment here that, if everybody were to get it, would mean the end of the euro'.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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