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Rome-Brussels confrontation to go beyond 2019 budget

Content type:: Expert Briefings
Location:: ITALY/EU
Keywords associated with this article:: Geographic: Italy EU EUR ITALY/EU

Topical: economy social debt fiscal foreign investment government election industry politics banking bonds growth
ISSN:: 2633-304X
Citation:: Oxford Analytica (2018), "Rome-Brussels confrontation to go beyond 2019 budget", Expert Briefings.
https://doi.org/10.1108/OXAN-DB239299

Monday, October 22, 2018

Significance

That plan -- sent to the Commission on October 15 -- encompasses a significant fiscal easing. The Italian government must reply by October 22.

Impacts

Italy will remain a meaningful source of political and financial volatility for Europe.
If the parliament approves the budget, the government could remain in place at least until after the 2019 EU election.
If the Italy-EU conflict escalates, the only option is an ESM programme, which would come with significant market stress.

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