Comments by Italy's euroskeptic senator, Antonio Bagnai
In case you missed out, Draghi commented in his press conference overnight that the selloff in Italian bonds is set to dent the capital of the nation's banks but also reiterated that the ECB isn't going to come to their rescue without any strings attached.
As mentioned earlier, Draghi said that the ECB would only come to Italy's aid if the nation subscribes to a bailout with the European Union - which means that Italy would have to follow through on rather strict regulations as needed by the bailout program.
Such a move is very unlikely to happen as Italy is already seen refusing to budge from its stance on the fiscal deficit target, let alone abiding by strict policy prescriptions that will come from a bailout.
And that is evidently causing some friction between Italy and the ECB at the moment.
