(Bloomberg) — Italy’s populist government lowered its 2019 budget deficit in a bid to comply with European Union rules and avoid sanctions for failing to rein in debt.The deficit is now expected to be 2.04% of economic output, according to a person familiar with the issue who asked not to be identified
— Read on ca.finance.yahoo.com/news/italy-cuts-2019-deficit-goal-055254991.html
Tag: Italy
Italy Joins Sub-Zero Club as Rally in Two-Year Bonds Accelerates
(Bloomberg) — Italian bonds rallied to send two-year yields below 0% for the first time in over a year, in another sign of growing investor confidence in the nation’s outlook.Europe’s bonds have surged over the past couple of months amid a global hunt for returns spurred by slowing inflation and the
— Read on ca.finance.yahoo.com/news/italy-joins-sub-zero-club-075332149.html
Italy Economy Seen Contracting Again, in Blow to Populists – Bloomberg
Italy’s economy probably shrank again this quarter, according to the country’s statistics office, complicating the populist government’s efforts to meet its fiscal commitments.
— Read on www.bloomberg.com/news/articles/2019-06-20/italy-economy-seen-contracting-again-dealing-blow-to-populists
Visco Says Italy’s Debt Load Is ‘Severe Constraint’ on Economy
Italy urgently needs a “credible” strategy to cut a public debt load that risks imposing a “severe constraint” on the economy, European Central Bank Governing Council member Ignazio Visco said. The ratio of debt to economic output may exceed the levels targeted by the government in its latest plan,
— Read on ca.finance.yahoo.com/news/visco-says-italy-debt-load-083350758.html
Italy Gets ECB Pushback on Debt Idea, Told to Sort Out Finances
Italy came in for further criticism from the European Central Bank on Wednesday, with policy makers rejecting the idea of a debt guarantee and renewing warnings about excessive debt. ECB Vice President Luis de Guindos said the lesson from Italy’s run-ins with the European Commission over its spending
— Read on ca.finance.yahoo.com/news/italy-gets-ecb-pushback-debt-093953352.html
European Central Bank sends Italy a warning over debt
FRANKFURT — The European Central Bank says that challenges to financial stability in the eurozone have risen amid risks to growth from trade tensions, and warns that indebted governments such as Italy could run into trouble if they don’t heed rules limiting debt and deficits.The warning in an ECB
— Read on ca.finance.yahoo.com/news/european-central-bank-sends-italy-080226140.html