Berlusconi’s Potential Run For Italy’s Presidency Triggers Political Chaos – Sources
By Silvia Marchetti ROME (MaceNews) – The potential candidacy of former Prime Minister Silvio Berlusconi to the top office of Italy’s presidency is raising political chaos at a critical time when parties should seek a compromise on a high level, impartial figure to elect, according to political sources. After having faced 36 trials the scandal-ridden […]
Italy Pushes Digital Euro, Aims to Strengthen Single Currency in Post-Covid World- Sources
By Silvia Marchetti ROME (MaceNews) – Italy is pushing for a “speedy” creation of a digital euro in a bid to strengthen the single currency, and it has now become a top post-Covid priority for the financial system, according to ruling coalition sources. “The pandemic has accelerated the process: there’s been a significant boost in […]
Eurozone Consumer Prices Rose More Than Expected in December
ZURICH (MaceNews) – Consumer prices in the Eurozone rose more than economists expected in December as energy prices continue to be the main inflation driver, according to the latest preliminary figures from Eurostat. Prices as measured by HICP were 5.0 percent higher in December of 2021 than they were a year ago, rising from a […]
Italy to Replicate US-Denominated Bonds Issuance in 2022, Further Lengthen Debt Life – Sources
By Silvia Marchetti ROME (Mace News) – Italy’s government plans to issue even more U.S.-denominated bonds this year through regular, “predictable” placements aimed at boosting its role of frequent issuer, according to ruling coalition sources. The goal is to keep diversifying the investors base through new issuances in foreign currencies both in the Global and […]
<strong>Draghi’s Chances to Become Italy’s Next President Rise, Party Talks Start – Sources</strong>
By Silvia Marchetti ROME (MaceNews) – Chances are rising that Prime Minister Mario Draghi will be Italy’s next head of state as parties start talks to reach a deal over the appointment, according to ruling coalition sources, even if it will be a “last-minute decision”. On Tuesday, lower house President Roberto Fico is expected to […]
ECB To Halt PEPP Programme End of Q1, Will Beef Up APP
— Bank dramatically lifts inflation forecast LONDON (MaceNews) — The European Central Bank confirmed its emergency Covid stimulus package will conclude at the end of March, announcing an expansion of its regular quantitative easing program to begin in the second quarter, after its latest policy meeting on Thursday, The Bank also presented a marked upgrade […]
ECB Set to Clarify Future of PEPP; Upgrade Inflation Forecasts
— But Details of Post-PEPP Stimulus Unlikely to Come From Dec Meeting LONDON (MaceNews) – The European Central Bank is likely to provide greater detail on the winding up of its emergency asset purchase programme following its policy meeting this week, but is unlikely to say much about further quantitative easing. “This is more of […]
BofA Global Research Fund Manager Survey: Global Investors Increase Cash Holdings In December In Anticipation of World Central Bank Tightening in 2022
–On Average, Investors Expect Fed Taper to End by April 2022 By Vicki Schmelzer NEW YORK (MaceNews) – Global investors increased their cash holdings in December, wary of putting new monies to work ahead of expected world central bank tightening in 2022, according to the findings of BofA Global Research’s monthly fund manager survey, released […]
Italy Backs EU Council’s Switch To Qualified Majority Voting, ‘Key’ To Boost Integration
By Silvia Marchetti ROME (MaceNews) – Italy supports switching from unanimity in votes on tax and defense policy within the European Council to a qualified majority, which according to ruling coalition sources will speed up the decision-making and integration process. The proposal of changing the voting system within the EU Council, which represents member states, […]
Italy-France Pushing for ‘Single EU Debt’ to Fund Post-Pandemic Growth; Germany’s Stance on Closer Fiscal Integration in Post-Merkel Era Uncertain – Sources
By Silvia Marchetti ROME (MaceNews) – Italy and France are pushing for issuance of a ‘common European public debt’ to fund long-term pro-growth investments with the additional goal of strengthening the single currency and boosting European integration, Italian official sources say. Sources say Europe faces a turning point with the departure of former Chancellor Angela Merkel, […]