ROME Jan 3 A lowered premium on Italian debt
over German Bunds shows markets appreciate the government's work
and will free up resources for investment and tax cuts, Italy's
economy minister said on Friday.
"This will result in lower interest payments on the public
debt and the possibility of having more resources for investment
and reducing the tax burden," Fabrizio Saccomanni said in a
Earlier on Friday 10-year Italian yields fell
as low as 3.935 percent, pushing the premium over benchmark
German Bunds to below 200 basis points for the first time since
July 2011, before the euro zone crisis reached its height and
forced former Prime Minister Silvio Berlusconi from office.