Govt instability can t jeopardise Recovery Plan-Dombrovskis
Rome biggest beneficiary,cash needed for recovery says euro head
19 Gennaio 2021
ROME, JAN 19 - Italy s political instability must
not jeopardise its COVID Recovery Plan, Euro Commissioner Valdis
Dombrovskis said after an ECOFIN meeting Tuesday. The work on the Italian Recovery Plan is ongoing and I hope the
political instability in Italy will not jeopardise this work
because Italy is the biggest beneficiary and we must ensure that
the funds arrive, they are very important for the recovery in
Italy, he said.
Dombrovskis said he was in continual contact with Economy
Minister Roberto Gualtieri over the plan.
Alexey Navalny has been arrested at a Moscow airport as he tried to enter the country from Germany, where he had spent five months recovering from an alleged nerve agent poisoning that he blamed on the Kremlin.
The Kremlin critic’s detention on Sunday at passport control in Moscow’s Sheremetyevo airport was widely expected as Russia’s prisons service said he had violated parole terms from a suspended sentence on a 2014 embezzlement conviction.
The prison service said he would be held in custody until a court rules on his case. No date for a court appearance was immediately announced.
Italy still offering positive yields on medium term issuances Spread between German and Italian 10-year bond at 2016 low
ROME, Jan 11 (Reuters) - Italy’s debt is drawing growing interest from Asian investors who are hunting for rare positive returns among negative-yielding euro zone government bonds, Italian debt chief Davide Iacovoni said on Monday.
“We’re clearly witnessing renewed interest for Italy’s debt from foreign investors, especially from Asia, where buyers had been sitting on the fence for a long time, Iacovoni told Reuters in an interview.
Despite record-low interest rates, investors are betting that the European Central Bank’s purchases will continue to support the euro zone’s government bond market this year.