Loading...

Italy Debt Cancellation Not In Government Programme League Economy Spokesman

Loading...

ROME (Reuters) - A plan by Italy’s 5-Star Movement and League to ask the European Central Bank to forgive 250 billion euros ($296 billion) of Italian debt was never in an official draft of a government programme, the League’s economic spokesman told Reuters.

“The cancellation of the debt has never appeared in any official draft,” Borghi said on Wednesday. “What we are proposing is that for the purposes the (EU) Stability Pact, the debt bought under QE (by the ECB) does not count in countries’ debt-to-GDP ratios.”

Loading...

Borghi is a member of the group working on a common programme as the two anti-system parties seek to form a government more than 10 weeks after a national election ended with a hung parliament.

Italy’s benchmark bond yields rose in the morning after a draft of the government programme leaked late on Tuesday.

Reporting by Gavin Jones; writing by Steve Scherer


Trending Hairstyles

Source : https://uk.reuters.com/article/uk-italy-politics-ecb-debt/italy-debt-cancellation-not-in-government-programme-league-economy-spokesman-idUKKCN1IH0R6

Italy debt cancellation not in government programme - League economy spokesman
Europe looks for deeds, not words, from Italy's populists
Italy to decide on new PM for eurosceptic government
UPDATE-1-Italian markets unnerved by 5-Star, League coalition plans
Italy's Populist Leaders Set to Meet in Final Push for Power
Italian/German 10-year bond yield gap tightens after League comments on debt forgiveness
New Italian government wants €250b of debt forgiven in a market shake-up
Populists’ rise to power in Italy sets perilous precedent for EU