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 […]
White House and Other Schedules for Tuesday, Feb 20
WASHINGTON (MaceNews) – The following are Tuesday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR TUESDAY, FEBRUARY 20, 2024 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. Later, the […]
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 […]
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 […]
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 Aims to Boost Share of Debt Held by Domestic Retail Investors, Keeps Dollar Debt Issuance on Hold, Government Sources Say
By Silvia Marchetti ROME (MaceNews) – Italy’s nationalist government plans to increase the share of public debt held by domestic retail investors as it looks to offset fading European Central Bank purchases and as dollar-denominated debt issuance remains on hold, according to ruling coalition sources. “The goal is to nationalize as much as possible our […]
<strong>White House and Other Schedules for Friday, Feb 10</strong>
WASHINGTON (MaceNews) – The following are Friday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and Federal Reserve events. DAILY GUIDANCE AND PRESS SCHEDULE FOR FRIDAY, FEBRUARY 10, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. After, the […]
<strong>White House and Other Schedules for Thursday, Feb 9</strong>
WASHINGTON (MaceNews) – The following are Thursday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and Federal Reserve events. DAILY GUIDANCE AND PRESS SCHEDULE FORTHURSDAY, FEBRUARY 9, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. After, the President […]
Italy Faces Showdown on ESM Reform; Financial Stability Risks Ahead
– Market volatility set to rise, ruling parties at odds – EZ banking union progress could come to a halt By Silvia Marchetti ROME (MaceNews) – The rising prospect that Italy will reject proposed reform of the European Stability Mechanism could raise new doubts about European integration and the stability of the ruling center-right coalition. Sources from […]