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The Latest Breaking News from Lorenzo Codogno

Don’t be fooled by the interest rate cut – higher rates are here to stay

Mortgage payers and business owners vainly hope cut to 5% signals return to pre-pandemic era of cheap borrowing

The Guardian - UK

Buried In Massive Debt, Italy Puts Crown Jewels Up For Sale

Prime Minister Giorgia Meloni once declared Italy's postal service a "crown jewel" that must stay in state hands, but she is now selling a stake as part of a privatisation programme to tackle a huge public debt.

International Business Times

Monte dei Paschi: how far did Italy go to draw a line under its troubled bank?

After 15 years of scandal and state aid, Rome was prepared to bend the rules to ensure the world’s oldest lender could be safely sold off

Financial Times

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Analysis-Italy's Meloni needs urgent fix for ballooning pensions bill

Italy's new prime minister Giorgia Meloni needs urgently to rein in a bloated pension system which absorbs most social spending and looks increasingly unsustainable in the face of surging inflation.

Reuters

Italy's far-right PM Meloni meets EU chiefs

Brussels (AFP) - Italy's far-right Prime Minister Giorgia Meloni started a series of meetings with EU chiefs in Brussels on Thursday, with her commitment to European unity in the spotlight.

AFP

Italy's far-right PM Meloni to meet EU chiefs

Rome (AFP) - Italy's far-right Prime Minister Giorgia Meloni meets EU chiefs in Brussels on Thursday for the first time since her election, with the energy crisis expected to dominate the agenda.

AFP

Ahead of harsh winter, tourism roars back in Mediterranean

Tourism is making a stronger comeback from the coronavirus pandemic than many expected

The Independent UK

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Far-right favourite to be Italy’s next PM softens on EU as election looms

Giorgia Meloni once railed against Brussels, but experts suggest likely successor to Mario Draghi has no interest in rocking boat

The Guardian - UK

Italy holds breath for PM Draghi's next move in political crisis

Rome (AFP) - Prime Minister Mario Draghi's coalition government teetered on the brink of collapse Thursday, after the Five Star Movement refused to participate in a confidence vote, raising the spectre of a snap general election.

AFP

The EU is facing many difficulties, but Brexit isn’t one of them

EU countries have, on the whole, absorbed the shock of Brexit. But in Britain, trade is down – and prices are up, says economist Lorenzo Codogno

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