<strong>BOI Cuts Italy ’22-’23 Growth on Ukraine Effects But Sees Recovery Signals As Investment Set To Rise</strong>
By Silvia Marchetti ROME (MaceNews) – The Bank of Italy on Friday cut country growth forecasts for 2022-2023 on fallout from the war in Ukraine and energy price hikes, but sees ‘robust’ signs of recovery as government aid to struggling families and European Union-wide pandemic investments start to bear fruit. GDP growth is now projected […]
ECB Preannounces July Rate Hike of 25 Basis Points
–Leaves Open Possibility of Bigger Rise in September By Laurie Laird LONDON (MaceNews) – The European Central Bank will raise interest rates by a quarter percentage point at its next meeting in July with another – potentially larger increase – slated for September, the ECB announced Thursday. “Inflation is undesirably high,” said ECB President Christine […]
Italy Aims to Introduce Worker Minimum Wage as EU Moves toward EU-Wide Directive – Sources
By Silvia Marchetti ROME (MaceNews) – Italy’s parliament is working on a deal to clear as soon as possible a law introducing a minimum wage for all workers following a push by the European Union to implement a minimum wage framework to be applied in all 27 member states, according to ruling coalition sources. “Parties […]
Bank of Italy Governor Ignazio Visco: Ready To ‘Leave Behind’ ECB Negative Key Rates Policy, Possible Raise this Summer
By Silvia Marchetti ROME (MaceNews) – Bank of Italy Governor Ignazio Visco said on Tuesday that the European Central Bank could be ready to start raising police rates as early as this summer to tackle the ripple effects of the Russian invasion of Ukraine. “Given that the risk of deflation, which had called for the […]
Rome Seeks ‘Booster’ Recovery Funds To Tackle Impact of Ukraine Crisis – Sources
By Silvia Marchetti ROME (MaceNews) – Italy is seeking permanent structural aid at EU-level to tackle the economic impact of the Ukrainian war to shield firms and households, and which would benefit all member states, according to ruling coalition sources. “Just like we did following the COVID pandemic outbreak, the European Union needs a central […]
EU Likely to Clear Soon Russian Oil Boycott; Rome Now Pressing for Ban on Russian Gas – Italian Coalition Sources
By Silvia Marchetti ROME (MaceNews) – Italy expects Hungary to accept a European Union plan to ban Russian oil by the end of the week, and Rome is pressing for an EU-wide ban on all Russian fossil fuels including gas, according to Italian ruling coalition sources. “There has been a delay in the approval of […]
Italy Draghi’s Meeting with US President Biden Set To Bolster Common Anti-Russia Transatlantic Energy Strategy – Italian Coalition Sources
By Silvia Marchetti ROME (MaceNews) – Italian Prime Minister Mario Draghi’s upcoming trip to the US will seek to bolster the anti-Russia transatlantic energy strategy as Italy takes on a leadership role in Europe in moving toward “gradual” independence from Russian oil and gas, said ruling coalition sources. On May 10 Draghi will meet with […]
Rome Coalition Sources Warn of Fallout from Possible Le Pen Victory for EU, NATO, Italy
Silvia Marchetti ROME (MaceNews) – A potential victory in France of far-right presidential candidate Marie Le Pen would jeopardize prosperous Italy-France ties and boost Italy’s own far-right populists, warned Italian coalition sources. By extension, a Le Pen victory would weaken the European Union‘s integration process and NATO unity in opposing Russian President Vladimir Putin. The […]
Italy Expected To Place Two New US-Denominated Bonds in Q2 To Complete Yield Curve – Sources
By Silvia Marchetti ROME (MaceNews) – Italy’s government plans to issue two more US dollar-denominated bonds in the second half of this year likely with medium-term maturities which would extend average debt maturities and consolidate Italy’s role as a frequent issuer on the US market, said ruling coalition sources. “Our plan, since we returned to […]
Italy Raises Pressure on EU To Cap Gas Import Prices, Ready to Adopt National Measures If EU Deal Is Delayed – Sources
By Silvia Marchetti ROME (MaceNews) – Rome’s government is raising pressure on European Union institutions to place a EU-wide cap on imported gas prices to shield families and business from an extraordinary spike in energy bills that is weakening the bloc’s economy, according to ruling coalition sources. The proposal faces opposition from Germany and Holland. […]