Italy, the Belt and Road program, and China – My weekly column
Italy’s moves to sign a deal with China and get involved in its Belt and Road Initiative (BRI) are highly significant as Italy is the first of the European Union’s…
Philippe Waechter's blog
The agreement between the European commission and the Italian government is a bluff
Despite the agreement between the Italian government and the European Commission, the question of the Italian public debt sustainability is not solved. The marginal move from the government (reducing its…
Three points on Italy, its budget and the European Commission
The European Commission has just told Italy to revise its 2019 budget plan: the deficit does not look excessive (2.4%), but the figure is deemed to be fragile as growth…
French public debt stands at 100% of GDP – My Tuesday column
This post is available in pdf format My Tuesday Column – 1 October 2018 French public debt stands at close to 100% of GDP, but is this really a cause for…
Italy: Growth expectations are too optimistic
Here is the frightening part of the Italian budget: growth figures. In an interview Giovanni Tria said that growth forecasts for 2019 and 2020 were 1.6% and 1.7% respectively. These…
Seven points on Italian budget announcement risks
The Italian budget program, which sets out a budget deficit of 2.4% of GDP for 2019, 2020 and 2021, did not go down very well with investors. Uncertainty on Italy…
The balance of strength is now in favor of la Liga| Financial Times
League chief eclipses senior coalition partner with anti-immigration broadside Matteo Salvini heads the junior coalition partner in the populist government that took office in Italy on June 1. Yet the leader…
Italy – The crisis is coming
The adjustment on the upside is not over on Italian rates. The 10 year bond’s rate is converging to 3%. The spread with the German 10-year rate is now circa…