Join institutional investors, analysts and strategists from the world's largest banks: Subscribe today
Already have an account? log in
‘We Do Not Think Markets Will Appreciate This’: Italy’s Populists Successfully Blow Up Budget
A deal has been reached by the full government on 2.4% [of GDP]. We are satisfied. It’s the budget for change.
That's a quote from a joint statement issued by League leader Matteo Salvini and Five Star chief Luigi Di Maio and it's characteristically misleading.
Italian assets came under pressure on Thursday when Salvini and Di Maio made a last minute push for a more expansionary budget over the objections of Finance Minister Giovanni Tria, who attempted to draw a line in
