The daunting economic challenges facing Georgia Meloni 29.09.2022

Deutsche Welle | Sep 29, 2022 at 2:00 AM
  • Financial markets digested the victory of Italy’s coalition, led by Brothers of Italy (FdI) leader Giorgia Meloni, largely without any major hiccups.
  • The gauge of interest rate differentials is a risk barometer for government debt and had last seen a dramatic spike to 300 points when outgoing Prime Minister Mario Draghi announced the collapse of his government in July.
  • The bank has implemented a new bond-buying program to help debt-laden eurozone countries like Italy cope with higher interest rates as a result of the ECB’s inflation-fighting policy.