Italy

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Market reaction to S&P’s EZ and EFSF downgrade warning better than expected

By Julia Pastor, in Madrid | Ratings agency S&P’s threat of downgrading the euro zone and the EFSF has fallen like a ton of bricks among leaders and European institutions. Santander analysts believe, however, that it has also been accepted with a certain degree of realism: “The German Minister of finance, Schäuble, commented that the warning is the best incentive to promote a solution to the crisis and regain the confidence…


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Markets force Italy to pay two-year credit at 7.8pc interest rate

By Europa Press | The Italian Treasury on Friday placed €10 billion in two debt auctions, one due at six month and the other at twenty four months. Yet, it has been forced to provide record interests: 6.504% and 7.814%, respectively. Specifically, Italy’s Treasury sold €8 billion in bonds with six-month maturity for which they had to offer a record yield of 6.504%: 84% more than in the previous auction…


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Barclays: “Italy's net financing needs for 2012 are really short, about €35bn”

Berlusconi’s resignation and Mario Monti’s designation have had an unenthusiastic impact on the European stocks, Barclays notes. “A positive welcome at the beginning has been followed by a general fall of all indexes, including Milan which had increased about 25 early yesterday in the morning. The political change did not help the 5-year bond auction either, because the Italian Treasure issued €3bn at 6.29%, the highest rate since 1997. After…


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Barclays: “Italy’s net financing needs for 2012 are really short, about €35bn”

Berlusconi’s resignation and Mario Monti’s designation have had an unenthusiastic impact on the European stocks, Barclays notes. “A positive welcome at the beginning has been followed by a general fall of all indexes, including Milan which had increased about 25 early yesterday in the morning. The political change did not help the 5-year bond auction either, because the Italian Treasure issued €3bn at 6.29%, the highest rate since 1997. After…


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What the Italian media says about Berlusconi's vows

Il Sole 24 Ore “We are at the center of the world's storm, but we can quickly recover. Italy today needs international credibility; it needs people who know the language of markets and of States and who know how to speak to Countries of the euro area but also to Switzerland, the United Kingdom and Obama's United States as well as to the “new rich” countries of the world, starting…


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What the Italian media says about Berlusconi’s vows

Il Sole 24 Ore “We are at the center of the world's storm, but we can quickly recover. Italy today needs international credibility; it needs people who know the language of markets and of States and who know how to speak to Countries of the euro area but also to Switzerland, the United Kingdom and Obama's United States as well as to the “new rich” countries of the world, starting…




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Italy, under surveillance. Berlusconi, record-less

Italian Prime Minister Silvio Berlusconi will have to postpone again the release of his next love songs record, titled True Love, after the third European economy has been forced to accept a surveillance action by the IMF and the EU during the introduction of the country’s reform plan. Italy has committed itself to perform a work reform, relax the restrictions on the corporate sector, change the age retirement from 65…