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Italy: the Meloni government wants to renationalise its public debt

2023-03-08T17:31:28.612Z


DECRYPTION – The government has launched a national subscription of Italian Treasury bonds to savers.


Rome

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While the Italian Treasury must raise more than 500 billion euros on the markets in 2023, including 320 in the medium and long term, and at a time when the ECB is going to reduce its purchases of European Treasury bonds, the management of the public debt is one of Rome's great concerns.

Council President Giorgia Meloni has always said that she wants to

“reduce Italy's dependence on foreign creditors by increasing the number of Italians and residents in Italy holding shares of Italian debt ".

The objective being to “

secure (the) debt against new financial shocks and to solicit the confidence of savers and investors.”

For his Finance Minister, Giancarlo Giorgetti, the involvement of Italian savers is a

“central”

element of the public debt strategy.

To better control the volatility of returns, to find an alternative to the withdrawal of foreign funds which have greatly reduced their holdings in construction (goods…

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Source: lefigaro

All news articles on 2023-03-08

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