Further headlines crossing the wires from the ECB Chief Economist Praet’s speech in Frankfurt.
There may be very restricted spillover from Italy up to now.
Loosening of Italian fiscal coverage shall be neutralized by tighter monetary circumstances.
Development dangers are balanced.
However the extremes in dangers evaluation are larger than earlier.
Funding selections in Italy have been impacted by extreme tightening in Italy.
Tightening of conditionsise unsustainable.