ECB's Nowotny: nervousness about Italian policy under future govt, but we must wait

"It is something that creates a lot of nervousness, but of course on the other hand one has to wait. We do not see the effect of measures, we don't see what really comes out of it," he said a conference in Prague.

"I hope that the practice will be a much wiser approach than what is here today from the newspapers."

Italy's bond yields rose sharply on Monday, pushing the gap over Spanish peers to its widest since 2012, as fears over the big-spending plans of the two anti-establishment parties likely to make up Italy's next government continue to rattle investors.