Italy Offers to Cut Deficit From 2020 in Peace Offering to EU

The transcript discusses Italy's economic situation, focusing on deficit targets and market reactions, including BTP yields. It highlights the importance of government forecasts to support deficit goals and the potential impact on markets. The conversation shifts to the CDS market, noting differences between old and new CDS pricing. Finally, it addresses speculation about Italy leaving the euro, dismissing it as media hype.

What is the difference between the old and new CDs mentioned in the text?

Discuss the potential for Italy to hold a referendum to leave the euro according to the text.