PNRR: "constructive" comparison in Brussels.  But Meloni fears Gentiloni's visit

The Financial Times criticized Meloni: the ideal is over, companies and the market are ready to abandon him

“The honeymoon is already over.” This criticism has been made by the Financial Times Rome under surveillance, In view of the uncertainties about the next budget law iA difficult implementation of conditions that are “not at all favorable” PNRR, but also for the controversial introductionfor bank taxa’s e Cap The measures were already widely disputed over the summer, on airline ticket prices.

FT plucks melons

Insisting that the business said “yes.” They are rebelling against the government”The Financial Times listed the difficulties awaiting a Meloni-led government in the coming months, while also reminding that Italy’s growth forecast stands at 1% this year and 1.5% next year, ““Widely considered overly optimistic.”

“The honeymoon is already over”

Especially for the columnist Amy Kazmin, LA The maneuvers will be the decisive test. “Investors – he writes in the Financial Times – are carefully watching the Italian government’s moves”. “Will it maintain its commitment to fiscal discipline or be tempted by expansionary policy or other unconventional measures.” The reference newspaper for markets and investors also points out that last year Meloni – in the middle of the election campaign – was very punctual.attract investors” At the Cernobio Forum, an event that was abandoned this year.

Businesses and markets dump it

Indeed it has been reported that Meloni’s decision to leave the Cernobbio Forum “added to growing unease among companies and investors about the ability of the right-wing Italian government to lead a heavily indebted country amid an economic recession”. European”, highlights the daily newspaper which also puts tax on excess profits Banking, announced with a coup main a few days before the summer vacation, except immediately “Recession sets in after collapse of banking stocks”.

spread moves again

It is no coincidence that, after months of calm, spreads have started to rise again: in the last few hours the spread between the ten-year BTP and its German counterpart has returned to 180, with the yield at 4.51% . In fact, if the Meloney government was greeted with disbelief by the markets upon taking office, the moves of the Prime Minister and his executive, over the months, seemed to succeed in calming things down, even if it fell below the mark. 140, However, now it seems something has happened Cracked.





Leave a Reply

Your email address will not be published. Required fields are marked *