Italy to tap banks, insurers for €3.5 billion in budget plan

Quick Summary:

Prime Minister Giorgia Meloni’s cabinet is tapping Italy’s banks and insurers to help finance its budget, according to a new plan designed to deliver on giveaways pledged to voters.

Bloomberg"> Italy to tap banks, insurers for €3.

The spread between Italy’s 10-year bonds and those of Germany—a key measure of risk in the region—touched 124 basis points on Tuesday, the lowest since March.

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Article Details

Author / Journalist: Alessandra Migliaccio & Sonia Sirletti | Bloomberg

Category: BusinessStartups

Markets: PhilippinesFranceGermanyItaly

Topics: Giorgetti Government Italy Minister Insurers Budget Year Italy’s Tuesday Banks Weeks

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-16 @ 14:25:37 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 592 words

Reading Time: 4 minutes read

Sentences: 25 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 23090246

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Official Website: businessmirror.com.ph

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Headquarters: Philippines

News Last Updated: 10 hours ago

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