Italy’s Top Lender Expands Issuance of US-Denominated Bonds; ‘Appealing’ 4% Fixed Rate
By Silvia Marchetti ROME (MNI) – Italy’s top lender Banca Intesa San Paolo is expanding issuance of U.S. dollar-denominated bonds with an appealing 4% fixed rate to lure domestic investors into contributing to the U.S. government funding needs, and in giving them a ‘safe investment’ during stock exchange turmoil. The wide array of available bonds […]
Italy’s 3Q Issuance To Focus on Short, Inflation-Indexed Bonds in Face of Rising Inflation – Sources
By Silvia Marchetti ROME (MaceNews) – Italy’s third quarter issuance plan will focus mostly on short-term and inflation-indexed debt securities to shield domestic investors from inflation, according to ruling coalition sources. “The Ukraine war fallout is heavily striking families’ purchasing power, who remain our key investor target. The domestic market is extremely vulnerable at the […]
Draghi: Italy Supports Ukraine, ‘No Ambiguity’ From EU Countries but Common Stance Needed 
By Silvia Marchetti ROME (MaceNews) – Italy’s government stands united in supporting Ukraine against Moscow and all European Union member states must show unity on this front as ‘unclear messages’ are not acceptable, Italian premier Mario Draghi told the Senate on Tuesday. Speaking ahead of the key June 23-24 European Council meeting on the Ukraine […]
Italy Backs ‘Gradual, Flexible’ Monetary Policy Normalization, Urges ECB to Avoid ‘Hawkish’ Message – Italian Government Sources
By Silvia Marchetti ROME (MaceNews) – Italy is warning against a sudden unwinding of Eurozone monetary policy accommodation and calling for a ‘gradual’ but ‘flexible’ normalization process, according to ruling coalition sources. “It is a very delicate moment for the European Central Bank, and it is paramount to avoid having to exit and then re-enter […]
Rome Pushes for New EU Recovery Fund to Tackle Energy Prices Spike, Avoid Spreads Further Blowing Out – Sources
–Italian officials express relief over ECB moves to limit spread widening By Silvia Marchetti ROME (MaceNews) – Italy’s ruling coalition is pushing hard for the European Union to launch a new recovery fund aimed at jointly funding measures to cushion the impact of energy and inflation spikes on families and firms, in an attempt to […]
<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 […]
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 […]