Italy does not expect its debt to top 140% of gross domestic product this year despite higher than forecast spending for home renovation incentives, a junior minister said ahead of a new set of. -April 06, 2024 at 11:26 am EDT
- MarketScreener
Dealing with the extensive loan guarantees Italy provided to help businesses through the COVID-19 pandemic and energy crisis is proving complex, hampering efforts to fix some companies' debt problems, restructuring experts said. Under successive emergency measures since 2020, Italy has extended guarantees on 189 billion euros ($205 billion) of bank loans. Economy Minister Giancarlo Giorgetti on Wednesday said it was time to gradually return to normality after what he called a massive state intervention, adding that the significant sums set aside to cover future guarantee payments appeared adequate.
Italy s State-Backed Loans Pose Restructuring Headache usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
Italy acknowledged on Wednesday that the European Union was set to invoke its deficit reduction procedure against Rome, but insisted its future spending plans were already sufficient to meet.
Italy Says It Can Cope With Expected EU Deficit Procedure usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.