The spread between BTPs and Bunds closed up at 202 points, compared to 200 points the day before and after having reached a high of the day at 204 points. The yield on the Italian ten-year bond rose to 4.9%, compared to 4.88 at yesterday’s closing and after having reached 5% during the day. The trend is in line with other European government bonds with the ten-year Bund standing at 2.88% (+0.6 basis points), the French one at 3.47% (+1 point) and the Greek at 4.36% (+5 points).
At a press point in Granada, the Prime Minister, Giorgia Meloni.
The “guidelines issued” by Prime Minister Giorgia Meloni addressed to ministers “to quickly start” the process of monitoring and reviewing public spending are arriving. Undersecretary to the Presidency of the Council Alfredo Mantovano explained this in his information on the spending review last night in the Council of Ministers.
That letter, he clarified, “will be followed by the activity under the responsibility of the Minister of Economy”. To achieve these objectives, each ministry can make use of experts, as already provided for in the latest budget which allocated a total of 20 million for this year, 25 for 2024 and 30 from 2025.
Spending review, Meloni’s guidelines arrive to ministers
The “guidelines issued” by Prime Minister Giorgia Meloni addressed to ministers “to quickly start” the process of monitoring and reviewing public spending are arriving. Undersecretary to the Presidency of the Council Alfredo Mantovano explained this in his information on the spending review last night in the Council of Ministers. That letter, he clarified, “will be followed by the activity under the responsibility of the Minister of Economy”. To achieve these objectives, each ministry can make use of experts, as already provided for in the latest budget which allocated a total of 20 million for this year, 25 for 2024 and 30 from 2025.
Read the full article on ANSA.it
2023-10-06 16:32:00
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