Italy's Prime Minister Has A Freakishly Specific Target For His Country's Borrowing Costs

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		Home Tech Finance Markets Politics Strategy Entertainment Advertising Retail Sports Life Monday, December 3, 2012 Italy's Prime Minister Has A Freakishly Specific Target For His Country's Borrowing Costs There has been a big rally in European sovereign debt markets as borrowing costs for countries like Greece, Spain, Portugal, and Italy have come way down. In Italy's case, the spread between its 10-year borrowing costs and Germany's 10-year borrowing costs (a crucial benchmark) fell below 300 basis points today. Below is a 5-year chart... However, according to Mario Monti – Italy's technocratic prime minister – it's not quite enough. Monti said, according to Bloomberg, that he would like the spread to get to 287 basis points. And that's great, but wow – that is awfully specific. We have never heard of a head of state making such a specific goal before. But Monti is a former ECBer and adviser to Goldman Sachs. He's not a politician, and he knows finance. By making such a specific spread goal, he's really redefining the word "technocrat." Read » Also On Money Game Today: Chinese Cities Have Absolutely Dominated The Past Twenty Years A Fantastic Presentation On The Bull Case And The Bear Case On Gold Advertisement CHART OF THE DAY: Here's Who Owns The Stock Market CHART OF THE DAY: A Complete Breakdown Of US GDP Growth In One Awesome Chart CHART OF THE DAY: There's No Link Between Capital Gains Tax Rates And GDP Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: dwyld.kwu.jobhuntportal11@blogger.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Money Game RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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