Italy: EC paves way for excessive deficit procedure

Erste Group
By June 8, 2019 04:02

Italy: EC paves way for excessive deficit procedure

This week, the European Commission concluded that a debt-based Excessive Deficit Procedure (EDP) against Italy is warranted. However, the final decision on whether to open proceedings against Italy will be taken by finance ministers and heads of government in the coming weeks. If Italy’s government is not prepared to make any substantial concessions, there are hardly any rational reasons why the heads of government should not follow the Commission’s recommendation. If an EDP is opened, Italy’s finances will be even more closely monitored by Brussels and fines could also be imposed. 

Erste Group
By June 8, 2019 04:02

Search

Asset Allocation Consensus June

Twitter

Sign up on #OpinioPro to read all the latest research on #fixedincome, #assetallocation and so much more! Click here: https://t.co/90NYM4HBVh

In UBP's Monthly #Investment #Outlook they write: "After Q1 global weakness, world growth is expected to stabilise in Q2 and progressively recover moving into 2H19". Read the whole outlook here: https://t.co/jlNTFp5V6M

Load More...

Search on date

June 2019
M T W T F S S
« May    
 12
3456789
10111213141516
17181920212223
24252627282930