Italy must press ahead with its "very strong" austerity measures and oversight from the International Monetary Fund should help build market confidence in the measures "over time," said Lael Brainard, Treasury undersecretary for international affairs on Wednesday.
"It is going to be very important during the transition in Italy that they continue to move forward very strongly on the fiscal reforms and also the structural reforms...in order for this all to work," Brainard said at a conference in Washington. Investors dumped Italian government bonds on Wednesday, and the yield on benchmark 10-year Italian government bonds rose above the key 7% threshold as investors worry that the response from European authorities to the sovereign-debt crisis is inadequate.
No hay comentarios:
Publicar un comentario