Giorgia Meloni, Italy’s new prime minister, looks likely to preside over a relatively resilient economy, with government debt ratios set to carry on falling, and a potential opening for fiscal leeway thanks to increased European Union funding in 2023-25. Despite what officials term a ‘very challenging environment’ and an ‘extraordinary shock’ from Russian war-fuelled inflation, Meloni’s right-wing government so far is maintaining ‘stability-first’ continuity with Mario Draghi’s previous administration.
MEETINGS In focus: the ECB financial stability review Tuesday 29 November, RoundtableFinancial stability has deteriorated across the euro area. Jérôme Henry, principal adviser in the directorate general macroprudential policy and financial stability, ECB, discusses the bank’s latest financial stability review.Register to attend here.
ON DEMAND Avoiding a debt crisis Neil Williams, chief economist, and Taylor Pearce, economist at OMFIF, discuss what the forces driving government funding costs will be, whether there are other measures available and how they might suit the UK.Listen to the podcast here.
