Global Perspectives: Should Italy Cure its Debt with More Debt?
Get link
Facebook
Twitter
Pinterest
Email
Other Apps
Weekly commentary on international finance and economics including global events and how world issues affect our domestic issues.
Should Italy Cure its Debt with More Debt?
Share this story:
This week, tensions between Brussels and Rome intensified, reflecting another battle between the newly-formed populist Italian government and the European Union establishment.
Italy presented its 2019 budget draft, but despite earlier warnings to cut spending, it violated EU rules around debt levels. Consequently, the EU rejected the budget and gave Rome three weeks to resubmit it.
The newly elected Italian coalition party has taken on a bold rebellion against the EU, because its proposed budget is based on political promises made in May after the election. Italian Prime Minister Giuseppe Conte says that Rome doesn't have a "Plan B." The deputy PMs are communicating via Facebook and have been including smiley faces in messages to show they're not backing off.
Want to learn more about international finance, economics, and global events? Sign up for our other Foreign Exchange emails and videos!
Follow City National Bank on social media:
Investment and Insurance Products:
•
Are Not insured by the FDIC or any other federal government agency
•
Are Not deposits of or guaranteed by a Bank or any Bank Affiliate
•
May Lose Value
This report is for general information and education only and was compiled from data and sources believed to be reliable. City National Bank does not warrant that it is accurate or complete. Opinions expressed and estimates or projections given are those of the authors as of the date of the report with no obligation to update or notify of inaccuracy or change. This report is not a recommendation or an offer or solicitation to buy or sell any financial instrument discussed. It is not specific investment advice. Financial instruments discussed may not be suitable for the reader. Readers must make independent investment decisions based on their own investment objectives and financial situations. Prices and financial instruments discussed are subject to change without notice. Instruments denominated in a foreign currency are subject to exchange rate and other risks. The Bank (and its clients or associated persons) may engage in transactions inconsistent with this report and may buy from or sell to clients or others the financial instruments discussed on a principal basis. Past performance is not an indication of future results. This report may not be reproduced, distributed or further published by any person without the written consent of City National Bank. Please cite source when quoting.
Tune in for a guide to ETFs and investing strategies for potential long-term success. View in a browser Fidelity Fidelity Log in Creating a portfolio with ETFs: Why and how Creating a portfolio with ETFs: Why and how
View this email in your browser Want to watch a recording of yesterday's Simply Successful Investing Webinar. Just click here and use passcode 5q59Z&3M.
A daily summary and commentary of events and factors that affect the global markets, with a particular emphasis on the foreign exchange markets. Super Mario’s Next Challenge
Comments
Post a Comment