Italian newspapers and TV always mention the “spread” (read “lo spredde” since Italian words starting with “sp” need the article “lo” and not “il”.). I understand that “spread” measures a relation between the Italian BTP and the German Bund. Since I heard the word spread for the first time some months ago, this value has been in a range between 300 and 500, for example this article of the 12th August reports a spread of 431. Can it be that the German Bund is 400 times more valuable than the Italian BTP? I do not understand properly but I understand that I do not understand exactly what the spread is as I tried to explain to a Spanish friend yesterday and I did not manage. She said she has not heard this concept in Spain.
Now I have not been living in Italy for at least 15 years. I have no formal education in economy. So it may be my fault. But why do Italian media have to use words and concepts I do not understand? How many Italian persons do understand “(lo spredde)” and the economic situation of the country?