July 19, 2019 / 8:45 AM / 2 months ago

Foreign investors sell net 5.6 bln euros in Italian govt bonds in May

MILANO, July 19 (Reuters) - Foreign holdings of Italian government bonds shrunk by a net 5.6 billion euros ($6.30 billion) in May, after rising in the two previous months, balance of payments data showed on Friday.

International investors had been reducing their exposure to Italy since an anti-austerity coalition took shape in May last year and formed a government in June, clashing with European Commission over plans to ramp up public spending and unwind past deficit-curbing reforms.

$1 = 0.8884 euros Writing by Alessia Pe, editing by Juliette Jabkhiro

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