Italy

Italy’s national debt predicted to fall – FT – 12/07/2017

The country has the most sovereign debt outstanding of any member of the eurozone, both in absolute terms and when compared with the size of annual economic output. Fears about Italy’s ability to support the debt and thus remain a member of the single currency were at the heart of the European debt crisis in [...]

By |July 13th, 2017|Categories: News|Tags: , , |

Investment in the Eurozone to move from a cyclical to a sustainable recovery: It’s now or never!

What is missing in the Old Continent to move from a cyclical recovery to a strong and sustainable recovery? Investment! Even if the answer seems obvious, investment is still lacking in the Eurozone. Yet, from a cyclical point of view, all the planets seem to be aligned to restart investment. Indeed, according to Eurostat in [...]

By |April 6th, 2017|Categories: Analyst's Insight|Tags: , , , , , , , |

Italy Warned by EU Over High Public Debt With Spillover Risk – Bloomberg Quint – 23/02/2017

The European Commission warned that Italy faces excessive economic imbalances as the country’s shaky center-left government struggles to control public debt, boost sluggish growth and mend ailing banks.

Source:  Bloomberg Quint, 2017/02/23

By |March 2nd, 2017|Categories: News|Tags: , , , |

EU Commission to warn Italy on Wed over rising debt – Reuters – 19/02/2017

The European Commission will warn Italy on Wednesday it could face EU disciplinary action for not reducing its huge public debt as required by EU laws, unless Rome delivers on deficit cutting measures as promised, an EU official said.

Source:  Reuters, 2017/02/19

By |February 23rd, 2017|Categories: News|Tags: , , , |

Italy not worried about ECB ending asset-buying – Econ Minister – Reuters – 18/01/2017

Italy is not worried about the prospect of the European Central Bank ending its asset-buying program and thinks its banks could benefit from the move, Economy Minister Pier Carlo Padoan said on Wednesday. The ECB has decided to reduce the size of the program that has seen it buy some 1.5 trillion euros worth of [...]

By |January 20th, 2017|Categories: News|Tags: , , |

Political risk and higher interest rates weigh on Italy’s public debt in 2017 – ItalyEurope24 – 12/01/2017

Italian Treasuries seem to have started 2017 like they ended 2016. Yields in the first BOT auction of the year hit a new low (-0.25% yesterday) in what appears to be the last in a chain of records started well before 2016.

Source:  ItalyEurope24, 2017/01/12

By |January 12th, 2017|Categories: News|Tags: , , , , |

ECB: the European firefighter?

On December 8, 2016, Mario Draghi, the European Central Bank (ECB) president, announced an extension of the ECB QE that should have ended at the end of March 2017. Indeed, the ECB expanded its QE to reached EUR 2.28 trillion by the end of 2017 – twice as much as what was initially contemplated when the ECB [...]

By |December 20th, 2016|Categories: Analyst's Insight|Tags: , , , , , |

ECB: the European firefighter?

On December 8, 2016, Mario Draghi, the European Central Bank (ECB) president, announced an extension of the ECB QE that should have ended at the end of March 2017. Indeed, the ECB expanded its QE to reached EUR 2.28 trillion by the end of 2017 – twice as much as what was initially contemplated when the ECB [...]

By |December 8th, 2016|Categories: Analyst's Insight|Tags: , , , , , |

Italy boosts public sector pay ahead of PM Renzi’s referendum – Reuters – 30/11/2016

Italy's government signed a deal with trade unions on Wednesday to hike public sector pay for the first time in seven years, just days ahead of a referendum on which Prime Minister Matteo Renzi has staked his career. In 2017 public workers will get a gross average increase of 85 euros per month, Susanna Camusso, [...]

By |December 1st, 2016|Categories: News|Tags: , , , |

Italian shock might blow a hole in stronger Piigs risk profile – Euromoney – 25/11/2016

Investor prospects in Portugal, Ireland, Spain and even Greece have brightened this year, but Italy could still put a damper on the recovery.

Source:  Euromoney, 2016/11/25

By |December 1st, 2016|Categories: News|Tags: , , , , |