Report
Patrick Artus

What are the reasons for concern in Italy?

We believe that in Italy: There is no reason to be concerned about an exit from the euro, given the massive size of Italy’s gross external debt in euros; There is no reason be concerned about an excessive fiscal deficit, given the impact of market discipline on long-term interest rates; But there is reason to fear another political crisis, given the coalition’s inability to improve Italy’s economic situation.
Provider
Natixis
Natixis

Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.

 

Analysts
Patrick Artus

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