Further comments by Italian PM Conte
- Italy will negotiate with EU on "courageous" budget that defends its interests
- But will not be "foolish" in its demands
- There is no plan A, B, or C in the budget
- There is also no separate 'Savona plan'
Conte's words is helping provide added relief and reassurance to traders as BTPs are rallying across the curve. But it remains to be seen what the budget will look like, so I don't expect investors to be too particularly charmed by his comments here.
