Rally in Italy's debt to continue if new government revives reforms


MILAN (Reuters) - A rally that has pushed Italy's long-term borrowing costs to their lowest since late 2010 is seen continuing if the newly-designated prime minister can form a government and revive the reform agenda put on hold at the end of 2012.

Italian President Giorgio Napolitano on Wednesday asked centre-left deputy leader Enrico Letta to form a new executive, signalling the end of a damaging vacuum since elections in the euro zone's third largest economy in February.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

U.S. stocks close mixed
Italy bans NGO planes from using airports close to migrant routes
Crude futures settle lower
U.S. dollar ticks up
China's Guangxi holds culture, tourism promotion event in Vienna
Death toll from strikes on eastern Congo camps rises to 18
African experts highlight soil degradation, climate impacts on crop yields
Brazil floods death toll rises to 90, dozens still stranded
Ethiopia earns 835 mln USD from coffee export in 9 months
Floods death toll in Kenya rises to 238 as heavy rains continue

Others Also Read