ROME - Italy is confirming reports that the treasury minister has met with China's sovereign wealth fund, amid speculation that Rome is looking to persuade Beijing to buy Italy's bonds or invest in its companies.
A spokesman for Finance Minister Giulio Tremonti on Tuesday confirmed the meeting with the chairman of China Investment Corp., Lou Jiwei, but declined further comment.
The Wall Street Journal and the Financial Times said the meeting took place last week in Rome, without citing sources.
The European Central Bank has bought Italian bonds in an attempt to prevent Europe's debt crisis from swamping the eurozone's third largest economy. In return, the Italian government has pushed more austerity measures, which lawmakers are expected to pass this week.
Source: www.winnipegfreepress.com
A spokesman for Finance Minister Giulio Tremonti on Tuesday confirmed the meeting with the chairman of China Investment Corp., Lou Jiwei, but declined further comment.
The Wall Street Journal and the Financial Times said the meeting took place last week in Rome, without citing sources.
The European Central Bank has bought Italian bonds in an attempt to prevent Europe's debt crisis from swamping the eurozone's third largest economy. In return, the Italian government has pushed more austerity measures, which lawmakers are expected to pass this week.
Source: www.winnipegfreepress.com
No comments:
Post a Comment