Italy’s populist government is drawing up a ‘Marshall Plan’ of up to €80bn to rebuild the country’s dilapidated infrastructure after the Genoa bridge collapse, seizing on the politically-charged disaster to smash EU budget rules. 734 more words
Tags » European Central Bank
- Italy’s economy is the third largest in the European Union and the country’s new coalition government is currently working on next year’s budget.
- Investors are wary of rises in pensions and state benefits, given that Italy already has a significantly high public debt pile — the second largest in the euro zone, at about 130 percent of gross domestic product (GDP).
The chairman of Italy’s budget committee is frighteningly blunt. The country’s bond market will spin out control as soon as the European Central Bank stops buying its sovereign debt. 413 more words
(11 August 2018, AFR, p13, by Tuvan Gumrukcu)
‘Ankara | The European Central Bank has grown concerned about the exposure of some euro zone banks to Turkey following the lira’s plunge, the… 53 more words
The crisis of the Turkish lira and the importance of an independent central bank and a serious monetary policy
What is happening in Turkey is astonishing: in just 3 months, the Turkish lira has lost the 30% of its value and inflation has risen by 15%, but the question is another, why? 886 more words
Italy’s debts to European Central Bank near €500bn -- “As long as the eurozone stays together, all of this is an accounting issue.”
Investors scrutinise eurozone imbalances as they await new government’s budget
By Kate Allen in London and Claire Jones in Frankfurt
A widely watched measure of eurozone capital flows suggests that Italy’s debts to the European Central Bank are set to hit €500bn this summer, reflecting the eurozone’s persistent financial imbalances. 310 more words