The ECB should guarantee the sovereign debt...>

ITALY: The ECB should guarantee the sovereign debt of all member states,

particularly those facing unfounded default risk, to shield the eurozone

stability against financial speculators, Claudio Borghi,

economic adviser for Italy's Lega party, told MNI in an interview.

- Lega suggests reforming the ECB's statute and governance model in order to

give it more powers of intervention, argued Borghi, renowned for his

controversial anti-euro stances. 

- Potential proposals include a cap on spreads (Borghi suggested 200bps) beyond

which the ECB would intervene.

- "Our definitive ruling agreement does not state, anywhere, that we want to

exit the eurozone. That was a conspiracy, fake news, built by the opposition to

stop us. But markets, fed with a lie, believed it and reacted negatively, making

the spread between German and Italian bonds spike," said Borghi.

- For more see MNI Main Wire at 1728BST 06/07, or for access, contact

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