A new star in Italian politics: "lo spread"
Follow lo spread
Silvio Berlusconi has dismissed bond yields as a German conspiracy. His rant is wrong. High spreads hurt his own dire electoral chances by reminding Italians of his calamitous record. For once, euro zone policymakers and speculators find themselves curiously aligned.
This content is for Subscribers only
To access full Breakingviews.com content you must be a subscriber. Please use the following link to request a trial.