Category: Europe

Italy’s Rightists Election Victory Leaves Shaky Financial Outlook — Explainer

By Silvia Marchetti ROME (MaceNews) – The right-wing coalition victory on Sunday will likely lead Italy to a super-accommodative, risky economic and fiscal stance as parties forming the alliance have all pledged tax cuts and more spending to support the economy. With final results yet to be released, the far-right Brothers of Italy group won […]

White House and Other Schedules for Monday, Sept 19

White House and Other Schedules for Monday, Sept 19 WASHINGTON (MaceNews) – The following are Monday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. data and Federal Reserve events:    COMPREHENSIVE TRIP GUIDANCE AND PRESS SCHEDULE FOR LONDON, UNITED KINGDOM In the morning, the President and the […]

Italy Faces Risk of New Debt Crisis with ‘Wobbly’ Right Win – Sources

By Silvia Marchetti ROME (Mace News) – Italy is facing the risk of a new sovereign debt crisis if a rightist win at the next election prevents formation of a stable pro-European government with a credible fiscal plan, according to current ruling coalition sources. Meanwhile, spreads have blown out as polls show overwhelming odds that […]

Likely Win By Italy’s Right-Wing Coalition Would Upset EU Pandemic Aid Plans, Slow Economy – Ruling Coalition Sources

By Silvia Marchetti ROME (MaceNews) – An expected right-wing coalition victory in upcoming elections could delay Italy’s deployment of key European pandemic aid funds aimed at supporting the recovery, with the result of lower growth, warned outgoing ruling coalition sources. Democrat party sources argued that the electoral program of the far-right alliance aims at changing […]

Liz Truss to Become New UK Prime Minister

–Home Secretary Tops Rival Rishi Sunak, Gaining 57% in a Ballot of Conservative Party Members By Laurie Laird LONDON (MaceNews) – UK Home Secretary Liz Truss is poised to become the country’s next prime minister after topping former Chancellor of the Exchequer Rishi Sunak in a poll of Conservative party members. As leader of the […]

Bank of England Lifts Rates by 50 Basis Points Despite Looming Recession

–Governor Andrew Bailey Vows to Tame Inflation Despite Economic Cost By Laurie Laird LONDON (MaceNews) – The Bank of England lifted its benchmark rate by 50 basis points on Thursday – the biggest rise in 27 years – despite warning of recession later this year. That takes the Bank Rate to 1.75%, the highest since […]

ECB Raises Key Rates by 50 Basis Points, Deviating from Forward Guidance

–Approval of Anti-Fragmentation Tool Allowed Front-Loaded Tightening, Says President Christine Lagarde –Lagarde does not provide forward guidance, says ECB data-dependent By Laurie Laird LONDON (MaceNews) – The European Central Bank raised interest rates by a much-higher than expected 50 basis points following its governing council meeting on Thursday, deviating from the carefully-worded forward guidance issued […]