{"id":43052,"date":"2026-05-25T09:59:51","date_gmt":"2026-05-25T07:59:51","guid":{"rendered":"https:\/\/marcello.giuliopalmadori.it\/?p=43052"},"modified":"2026-05-25T09:59:52","modified_gmt":"2026-05-25T07:59:52","slug":"italys-spread-problem-is-not-always-a-credit-story","status":"publish","type":"post","link":"https:\/\/marcello.giuliopalmadori.it\/en\/italys-spread-problem-is-not-always-a-credit-story\/","title":{"rendered":"Italy\u2019s spread problem is not (always) a credit story"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">In periods of political and institutional stress, the BTP\u2013Bund spread incorporates a distinct premium beyond credit risk. This component emerges abruptly and fades with credible policy backstops, highlighting the role of redenomination risk in euro area bond pricing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In periods of political and institutional stress, the BTP\u2013Bund spread incorporates a distinct premium beyond credit risk. This component emerges abruptly and fades with credible policy backstops, highlighting the role of redenomination risk in euro area bond pricing.<\/p>\n","protected":false},"author":2,"featured_media":43053,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[8,48],"tags":[133,134,135],"class_list":["post-43052","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economist-2","category-op-eds-2","tag-bond-market","tag-eurozone","tag-risk-premium"],"acf":{"related_news_outlet":42318,"related_university":"","documenti":[{"link_esterno":true,"url_esterno":"https:\/\/www.risk.net\/comment\/7963153\/italy%E2%80%99s-spread-problem-is-not-always-a-credit-story","documento_file":null,"testo_bottone":"leggi_articolo","testo_bottone_personalizzato":""}],"head_post_view_immagine_logo":false,"head_post_immagine_logo":null,"head_post_testo":""},"_links":{"self":[{"href":"https:\/\/marcello.giuliopalmadori.it\/en\/wp-json\/wp\/v2\/posts\/43052","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/marcello.giuliopalmadori.it\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/marcello.giuliopalmadori.it\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/marcello.giuliopalmadori.it\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/marcello.giuliopalmadori.it\/en\/wp-json\/wp\/v2\/comments?post=43052"}],"version-history":[{"count":1,"href":"https:\/\/marcello.giuliopalmadori.it\/en\/wp-json\/wp\/v2\/posts\/43052\/revisions"}],"predecessor-version":[{"id":43054,"href":"https:\/\/marcello.giuliopalmadori.it\/en\/wp-json\/wp\/v2\/posts\/43052\/revisions\/43054"}],"acf:post":[{"embeddable":true,"href":"https:\/\/marcello.giuliopalmadori.it\/en\/wp-json\/wp\/v2\/testata_media\/42318"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/marcello.giuliopalmadori.it\/en\/wp-json\/wp\/v2\/media\/43053"}],"wp:attachment":[{"href":"https:\/\/marcello.giuliopalmadori.it\/en\/wp-json\/wp\/v2\/media?parent=43052"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/marcello.giuliopalmadori.it\/en\/wp-json\/wp\/v2\/categories?post=43052"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/marcello.giuliopalmadori.it\/en\/wp-json\/wp\/v2\/tags?post=43052"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}