“Meloni confuses the rating with the spread, thus spreading fake news”, the accusations of the PD and M5S

"Today in the Chamber , the Prime Minister, Giorgia Meloni , said that Italian government bonds are now considered safer than German ones. It's a shame that she confused the drop in the spread (measure of the difference in yields between Italian and German government bonds) with the rating (evaluation of financial and credit risk)." This was stated by the PD deputy Federico Fornaro .

"According to specialized agencies (source: Standard & Poor's) German government bonds have a AAA rating (the maximum investment safety) - he continues -, while Italian ones are classified BBB, a good 8 levels lower than German ones". The Democratic MP concludes: "It is not by circulating this kind of authentic fake news that we defend the economic interests of our country and the credibility of the Italian state in the face of the international financial community".

M5S parliamentarians from the budget and finance committees of the Chamber of Deputies and the Senate were also critical in a note: "It's not news, but today we have yet another economic blunder by Giorgia Meloni . The prime minister, venturing into unfamiliar territory, argued during question time in the Chamber that Italian government bonds are now safer than German ones. Let's just point out that today the 10-year German Bund yields 2.68% while the Italian BTP yields 3.68%".

The note continues: "Not to mention the umpteenth credit that the prime minister claims for the drop to about 100 points in the spread between the Bunds and the BTPs. This drop, in fact, does not depend in the least on the merits of Giorgia Meloni, but on the considerable increase in the yield of the Bunds. After all, Germany is in recession and now to recover it has announced a vast debt investment plan. Ergo, the yield of the Bunds is rising, but not thanks to the super economists of Palazzo Chigi or Via XX Settembre. Just to help the prime minister understand the phenomenon: since she took office, the yield of the Bunds has increased by 41.8% while that of the BTP has remained stable, falling only by a few points. After all, all European spreads are falling precisely for this reason, with the difference that the yield of the Italian BTPs is still higher than all of them".