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Italy's Debt: ECB Creates Room for Budget Expansion but Fiscal Space Still has Limits – Interview

Add to Bookmarks An interview with Giacomo Barisone, head of sovereign and public sector ratings at Scope Ratings, about Italy’s sovereign debt dynamics. Italy (rated BBB+/Negative Outlook by Scope) needs the public investment and structural economic reforms proposed by Draghi to increase near- and long-term growth, but the part financed by national resources comes at cost of wider budget deficits. Can Italy easily take on this new debt? Advertisement Start Trading Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved, and seek independent advice if necessary. A Product Disclosure Statement (PDS) can be obtained either from this website or on request from our offices and should be considered before entering into a transaction with us. Raw Spread accounts offer spreads from 0.0 pips with

ECB speeds up money printing in March, focuses on Germany

By Reuters Staff 2 Min Read FILE PHOTO: People are silhouetted in front of the head quarter of the European Central Bank (ECB,R) during sunset as the spread of the coronavirus disease (COVID-19) continues in Frankfurt, Germany, March 27, 2021. REUTERS/Kai Pfaffenbach FRANKFURT (Reuters) - The European Central Bank sped up the pace of its emergency bond-buying programme by 22.7% in March despite a slowdown in the runup to Easter, with Germany the biggest beneficiary of its stimulus, data showed on Tuesday. The ECB bought 73.5 billion euros worth of bonds under its Pandemic Emergency Purchase Programme (PEPP) last month after pledging to raise buying volumes and cap a rise in borrowing costs that threatened to derail the euro zone’s recovery from a pandemic-induced recession.

ECB speeds up money printing in March, focuses on Germany

UPDATE 1-Germany earned 7 bln euros from new bonds this year

ECB bond buys increase fiscal space for German government Berlin seizes opportunity with record new borrowing (Adds details, background) BERLIN, Dec 15 (Reuters) - Germany earned more than 7 billion euros ($8.51 billion) from issuing new bonds this year as negative interest yields pushed down Berlin’s overall debt servicing costs to record lows, a finance ministry document showed on Tuesday. The windfall is mainly due to “historically very low interest rates”, Deputy Finance Minister Bettina Hagedorn wrote in a letter to opposition lawmaker Fabio De Masi following a parliamentary request. The average yield on new German bonds issued until end of November was -0.56 percent, resulting in revenues of 7.07 billion euros, according to the finance ministry document.