Italy minister says China visit not aimed at finding new buyers for debt: China radio

ROME (Reuters) – Italian Economy Minister Giovanni Tria said on Monday, during a visit to the Chinese capital, that the goal of his trip is not to find new buyers for Italian debt, denying recent speculation in the Italian media.

“The objective of the mission is to strengthen economic cooperation between our two countries,” Tria said in an interview with China’s Guangming newspaper translated into Italian by China Radio International’s website.

“Chinese investors will evaluate whether to buy Italian debt just like any other foreign or Italian investor,” Tria added. “I’m confident that the Italian government’s budget will strengthen the positive view on Italy’s financial stability.”

Italy’s populist government has roiled financial markets in recent weeks by promising to go on a spending spree next year to cut taxes and boost welfare without yet saying how it plans to rein in its debt, Europe’s second-biggest after Greece as a percentage of output.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.