The Italian yield spread, which had been affected by political uncertainty and heightened risk aversion in the markets over the past few weeks, has declined to 210 basis points in recent days, which is still  3/9  BIS - Central bankers' speeches  considerably higher than in other euro-area countries equally affected by the sovereign debt crisis of ten years ago.
In order to lower the yield spread decisively and persistently, fiscal prudence and policies designed to put the country back on a high growth path remain crucial. Savings in Italy: uncertainty and economic growth In the current economic climate, savings trends reflect opposing pressures.