Despite these scary results, the interest-rate spread for Italian government bonds relative to German bunds has increased by only 40 basis points since the election. In July 2012, when a pro-European, austerity-minded government was running the country, with the well-respected economist Mario Monti in charge, the spread reached 536 basis points.
尽管结果令人担忧，但选举以来意大利政府债券相对德国国债的利差只上升了40个基点。2012年6月，执政意大利的是紧缩派政府，政府首脑是德高望重的经济学家蒙蒂，此时的利差为536个基点。如今，陷入无政府状态、且没有任何迹象表明会在不久的将来形成得体政府的意大利，利差只有314个基点。那么，是市场看好意大利，还是市场失去了评估风险的能力？