NewsFeeder
10-19-2018, 04:02 AM
Global Markets: Euro, Italian bonds sold as EU warns on Italy budget
Investors sold Italian bonds and the euro on Friday, with Italy's bond yield hitting four-year highs as the European Union called its draft budget an "unprecedented" breach of EU fiscal rules. Late on Thursday, the European Commission told Rome in a letter that planned government spending was too high and that its structural deficit would rise instead of fall, and that the country's public debt would not fall in line with EU rules. Italy's prime minister Giuseppe Conte defended the budget.
https://finance.yahoo.com/news/asia-shares-extend-slump-global-011411118.html?.tsrc=rss
Investors sold Italian bonds and the euro on Friday, with Italy's bond yield hitting four-year highs as the European Union called its draft budget an "unprecedented" breach of EU fiscal rules. Late on Thursday, the European Commission told Rome in a letter that planned government spending was too high and that its structural deficit would rise instead of fall, and that the country's public debt would not fall in line with EU rules. Italy's prime minister Giuseppe Conte defended the budget.
https://finance.yahoo.com/news/asia-shares-extend-slump-global-011411118.html?.tsrc=rss