With Italy's history of more than 50 different governments since World War II, it's hard to believe that a government with such a tight majority will have the mandate to implement the structural reforms demanded by the rating agencies.
More Quotes from Kornelius Purps:
These somewhat disappointing figures might remind investors that not everything is bright in the euro zone. The long end has seen its yield highs.Kornelius Purps
The ZEW indicator is at levels which previously have marked a high, and discussion will now start on whether the ECB will hike rates earlier than in March. This will put the front-end under pressure.
Kornelius Purps
In all likelihood, disappointing data will at some point in time dampen rate hike expectations. There's a reasonably good chance for yields to move substantially lower over the course of this year.
Kornelius Purps
Yesterday's ECB press conference November 3, 2005 was great entertainment. Having not heard of Goethe very often in trading rooms as happened yesterday, here's my personal favorite from German philosopher Friedrich Nietzsche that sometimes describes life as a research analyststrategist Das habe ich getan, sagt mein Gedchtnis. Das kann ich nicht getan haben -- sagt mein Stolz und bleibt unerbittlich. Endlich -- gibt das Gedchtnis nach.
Kornelius Purps
The central bank is very likely to send a stronger message that rates are going up in the near future, because the economic outlook is getting brighter. This will put downward pressure on the bond market.
Kornelius Purps
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Based on Topics: Government QuotesBased on Keywords: italys
I have never understood why it should be considered derogatory to the Creator to suppose that he has a sense of humour.
William Ralph Inge
I've got money so I'm a Conservative.
Lord Thomson of Fleet
Things should be made as simple as possible, but not any simpler.
Albert Einstein