As Foreign Investors Shun Italian Bonds, Domestic Retail Investors Increasingly Buying Public Debt – Sources
By Silvia Marchetti ROME (MaceNews) – Italian business lobbies and Democrat opposition forces voiced concern over foreign investors avoiding Italian bonds, though this is increasingly being counterbalanced by a rise in retail-only securities which is shielding Italy’s soaring public debt. “The Italian debt in the portfolio of foreign investors dropped from EUR 685 billion in […]
Italy’s Meloni Takes More Moderate Stance to Lure Bond Investors, Centrist Voters
By Silvia Marchetti ROME (MaceNews)- After more than a year in power, Italian Prime Minister Giorgia Meloni is getting a ‘political makeover’ to take a more moderate stance and lure investors willing to support the country’s funding needs, say opposition forces. “She’s abandoning her neo-fascist rhetoric and revisiting her hard core, nationalist rightist policies in […]
Italy Puts Brakes on USD-Denominated Bond Issuance for Third Straight Year
—More retail, green bonds to come —Foreign markets not key at present By Silvia Marchetti ROME (MaceNews) – Rome’s rightist government is keeping new issuance of USD-denominated bonds on hold in 2024 for a third consecutive year in light of higher yields and the euro’s weakness, according to ruling coalition sources. Italy is less keen to […]
Rome Ready to Stop EU-wide Banking Reform If More Flexible Fiscal Rules Aren’t Adopted – Sources
By Silvia Marchetti ROME (MaceNews) – Italy’s rightist government is ready to block key European Union banking reforms if more flexible EU budget rules aren’t adopted in January, according to ruling coalition sources. Italy’s government wants clearer commitments from its EU partners to ease strict fiscal requirements under the Stability and Growth Pact or it […]
Italy-Brussels Tensions Rise Over Delayed Tourism Deregulation, EU COVID Funds’ Revised Targets
By Silvia Marchetti ROME (MaceNews) – Tensions between Rome’s rightist government and Brussels are rising over the investments of revised European post-COVID funds and a delay in deregulating key tourist services, warned opposition forces. Democrat officials are concerned that were Italy to fail in “being credible and efficient” in investing the updated post-pandemic aid, and […]
Support for Italian PM Drops Over Deteriorating Economic Outlook
–Little fiscal room for tax cuts — Govt to raise yearly debt issuance to €350bln By Silvia Marchetti ROME (MaceNews) – For the first time since her appointment as Italian prime minister one year ago, support for Giorgia Meloni is dropping as voters fear she will not deliver promised tax cuts amid a deteriorated outlook […]
Italy Aims for Tax Cuts for Low Earners in €30 Bln Budget Law; Scarce Resources and Thorny Spending Review Complicate Scenario
—Potential EU delay of new fiscal rules poses more trouble ahead By Silvia Marchetti ROME (MaceNews) – Italy’s government is working on a EUR30 billion budget plan for next year in a bid to cut income taxes for low earners but officials warn that resources are very limited and they worry that a potential delay in the […]
Italy’s Likely Rejection of the ESM Reform Would Leave Bank Contagion Risk Unaddressed in Euro Bloc – Italian Opposition Sources
–Italy Is Lone Holdout Opposing New Rules to Manage Bank Crisis By Silvia Marchetti ROME (MaceNews) – Italy’s likely rejection of the European Stability Mechanism reform plan, with its common backstop credit line for failing banks, leaves the Eurozone at risk of financial meltdown if a big bank falters, warned Italian opposition sources. The ruling […]
Italy’s PM Eyes Stronger US-Style Presidential System but Road Uphill
—Complex approval process ahead, potential referendum risky for Meloni By Silvia Marchetti ROME (MaceNews) – Italy’s rightist prime minister Giorgia Meloni wants to pass a key constitutional reform to boost powers of the head of government with the possibility of introducing a US-style direct election of the country’s leader, according to ruling coalition sources. It […]
Italy Risks Losing Up To €44 Billion in EU Pandemic Aid, Unable to Use Funds
-Bureaucracy, delays, technical issues are main cause -PM Meloni wants to re-negotiate new targets with Brussels By Silvia Marchetti ROME (MaceNews) – Italy’s rightist government risks losing some EUR 44 billion of European direct pandemic aid, and potentially even more, as it struggles to use all the money within set targets and timelines. Both opposition […]