No immediate financing threat to Italy but could be longer term issue: ECB's Nowotny

VIENNA (Reuters) - Italy does not pose an immediate economic risk within the euro area but it has significant financing needs this year and next that could become an issue over the longer term, European Central Bank policymaker Ewald Nowotny said on Tuesday.

“It is not the case that (there is) an immediate economic threat. Immediately it is rather a political problem,” Nowotny told a news conference when asked about Italy. “But in the longer term there is the question of whether I have enough trust on the capital markets.”

Reporting by Francois Murphy; Editing by Peter Graff

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Gold stocks reach new highs on metal price gain

Rise in gold stocks propels TSXV Mining

Market sees gold sector nearing full value overall after target upgrades

Gold stocks gain even as metal pulls back

Gold stocks rocket to new highs, valuations no longer inexpensive