Draghi Tells Italy's Government to `Reduce the Tone'

(Bloomberg) -- European Central Bank President Mario Draghi says that Italy would help its banks with a budget that helps to reduce its bond yields.

  • “What can one do as far as banks are concerned, given the widening of the spreads that has taken place in the last five to six months? There may be other answers, but the first answer that come to mind is reduce the tone and don’t question the constitutional existential framework of the euro”
  • “And the second is reduce the spreads, So, do policies that lead to a reduction in the spreads”

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