ECB’s Monetary Policy To Stay On Course Despite Inflation Rise – BOI
By Silvia Marchetti ROME (MaceNews) – The European Central Bank’s monetary policy is expected to remain accommodative despite the “significant” but “temporary” rise in inflation across the eurozone, the Bank of Italy said in its Economic Bulletin released on Friday. According to the BOI “the significant rise in inflation is attributable to the increases in […]
Italy’s Government Tensions Likely to Spike Over Upcoming Thorny Competition Law – Sources
By Silvia Marchetti ROME (MaceNews) – Rome’s government is expected to clear by the end of October a key thorny competition law aimed at supporting investments, a law which is likely to further raise tensions among ruling allies, according to coalition sources. The decree, which was meant to be initially approved ahead of the summer, […]
Italy’s Local Elections Raise Coalition Tensions, Risk Delaying Reforms – Sources
By Silvia Marchetti ROME (MaceNews) – Italy’s upcoming local elections are bound to fuel tensions between government parties with the risk of delaying key reforms needed to kickstart the recovery, ruling coalition officials warned. “The League, the Democrats and the 5 Stars are bickering on a daily basis in an attempt to boost their popularity […]
Italy to Push for a Stronger EU Defense; Afghan Crisis Will Have Repercussions – Sources
By Silvia Marchetti ROME (MaceNews) – Italy will push for a stronger, more coordinated European defense policy and the creation of ‘emergency’ intervention units to tackle geopolitical crises, according to ruling coalition sources. “The U.S.’ withdrawal from Afghanistan, and the way in which the entire NATO mission has failed to deliver a stable country, is […]
Italy Buys Time to Clear Ambitious Fiscal Reform, Resources Needed for Tax Cuts – Sources
By Silvia Marchetti ROME (MaceNews) – Italy’s government is expected to clear after the summer break a series of tax cuts to support low earners and struggling firms but needs time to find resources, according to ruling coalition sources. “This is a key fiscal reform which we were hoping to approve before parliament shuts this […]
Italy’s 5 Stars Movement Likely to Collapse; ‘Trump-Style’ Populism Over – Sources
By Silvia Marchettia ROME (MaceNews) – Italy’s populist Five Star movement is likely heading towards an implosion to the benefit of the entire ruling coalition and the country’s future, according to other allied party sources. “They’re lost, without a leader and a clear way forward. Many members have ditched the group while others eye to […]
Italy Pushes For Boosted NATO Strategy, Tougher Stance Towards Russia and China – Sources
By Silvia Marchetti ROME (MaceNews) – Italy’s government is pushing for an enhanced new alliance between the European Union and NATO and is adopting a tougher stance towards Russia and China, said ruling coalitions sources. “We’ve made it clear from the start that a less ambiguous and soft approach is needed in Europe on thorny […]
Italy’s Layoff Freeze Soon to End But Government Eyes Job ‘Incentives’, Confident In Recovery – Sources
By Silvia Marchetti ROME (MaceNews) – Italy’s pandemic layoff freeze will be lifted at the end of June but the recovery underway and special government incentives will likely push firms to keep their employees and potentially hire more, said ruling coalition sources. “The layoff freeze has been a key measure which was adopted right after […]
Italy Govt To Extend Loans Freeze, State-Backed Guarantees – Sources
By Silvia Marchetti ROME (MaceNews) – Italy’s government is expected to extend key pandemic state-backed guarantees for private investments and a loans payment moratorium by Friday, according to ruling coalition sources. Both measures, set-up in the wake of the COVID-19 crisis to help struggling firms’ and families access credit, are to due to expire in […]
Italy Readies Sale of New USD-Denominated Bonds, Likely In Coming Days – Sources
By Silvia archetti ROME (MaceNews) – Italy is likely to issue two new maturities of more USD-denominated bonds over the next few days, potentially by the end of this week, according to ruling coalitions sources. It will be a two-tranche issuance with a 3-year and a 30-year maturity each with the goal to further complete […]