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Italy economy minister says govt crisis already raising borrowing costs

·1 min read

ROME, Jan 14 (Reuters) - Economy Minister Roberto Gualtieri said on Thursday that Italy's government crisis was already raising its borrowing costs and attacked the "unprecedented irresponsibility" of former premier Matteo Renzi for bringing it about.

Renzi on Wednesday withdrew his small Italia Viva party from the ruling coalition, sinking Prime Minister Giuseppe Conte's government.

In an interview with state broadcaster RAI, Gualtieri pointed to rising yields in a government bond auction on Thursday and said "we have lost 7.6 million euros because of what happened yesterday."

Gualtieri said Conte, who has so far not tendered his resignation to President Sergio Mattarella, would inevitably have to address parliament to set out how he plans to resolve the collapse of his majority.

"Opening a government crisis was an unprecedented act of irresponsibility," Gualtieri said. (Reporting by Giuseppe Fonte, writing by Gavin Jones, Editing by Crispian Balmer)