The weak economy complicates a fraught fiscal position
Tag: Italy’s
Cleaning up Italy’s banks is proving slow and painful
The scars of the financial crisis will be slow to fade
The fate of Italy’s banks is still tied to public debt
Banks are more exposed to public debt, but also better shielded from losses
The fate of Italy’s banks is still tied to public debt
IN ITALY’S BUDGET drama, the action is shifting away from Rome. Last month its populist government said it would run a fiscal deficit of 2.4% of GDP in 2019—wider than euro-zone rules permit, and than markets had expected. Cue a sharp rise in borrowing costs, to more than three percentage points above those in Germany […]
The fate of Italy’s banks is still tied to public debt
Banks are more exposed to public debt, but also better shielded from losses
Why Italy’s government bonds are so unstable
If you fret about the euro’s survival, Italian bonds might be the last asset you sell
Why Italy’s government bonds are so unstable
A SHREWD observer of London’s after-work drinking culture once offered the following bit of mathematical heterodoxy to explain it: “There is no number between two and six.” If you go out with colleagues and stop at two drinks, you will be able to summon the will to go home at a reasonable hour. After a […]
‘I don’t deserve to be compared to Satan’ – Italy’s Salvini responds to Catholic critics
Euroskeptic Italian Deputy Prime Minister Matteo Salvini has hit back at critics, after a Catholic magazine depicted him as Satan for his anti-immigration policies. “Vade Retro Salvini”, read the front cover of Famiglia Cristiana, a popular Catholic weekly. The cover depicted a hand resting on Salvini’s forehead, while the title was a play on the […]
Italy’s resilient savers are driving consolidation in asset management
THE rumour mill is grinding again. In early 2017 reports swirled of a possible merger between Generali, Italy’s biggest insurer, and Intesa Sanpaolo, the country’s second-biggest bank. That deal came to nothing. But Intesa is still looking for a partner. Now it is said to be in talks with BlackRock, the world’s biggest asset manager, […]
Italy’s political crisis is roiling financial markets once more
HERE we go again. Financial markets don’t much like uncertainty. Thanks to Italy’s politicians, in recent days they have had plenty. By May 30th some calm had returned: it seemed possible that a pair of populist parties, the Five Star Movement and the Northern League, would form a government after all (see article). Markets had […]
