The ECB raises rates by half a point and announces further increases and the decision to start the retreat from debt purchases in March.
President Christine Lagarde also called Italy on the Mes , or the European stability mechanism, also known as the State-saving Fund: "We hope that Rome will soon ratify the reform".
Thus the Stock Exchanges slip, with Milan closing yesterday at -0.45% . The spread instead it rises to 206 , with the yield of the BTP at 4.13% and a growth of 28 basis points. The Italian debt is therefore once again perceived by the market as more risky than the Greek one. And there are fears for mortgages, loans and BTPs.
The decision of the European Central Bank triggered the immediate reaction of the representatives of the Meloni government.
The Minister of Economy Giancarlo Giorgetti explained that: "Parliament will express its opinion on the Mes", while the Minister of Defense Guido Crosetto , with a tweet on social media, stings: "I did not understand the Christmas present that President Lagarde wanted do in Italy". The co-founder of Fdi, posting a graph showing the fall in the price of expiring BTPs, adds: "For those who have not understood the effect of decisions taken and communicated lightly and detachedly," he comments.
For Matteo Salvini , leader of the League and minister of infrastructure, it is "bewildering to burn billions of savings".
(Unioneonline/vf)
