Free Trial

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

MNI: Italy Set To Narrowly Meet Targets For EU19Bln EU Tranche

(MNI) Rome

Italy is set to reach its European targets, even if some of the projects are still to be implemented.

Italy is set to narrowly meet its June 30 deadline to pass targets set under the Europe’s NextGenerationEU programme, unlocking the next EUR19 billion tranche of funds, though some of the investment projects included as objectives are still to receive public money despite formal approval, two sources close to the matter told MNI.

Following approval this week of a framework law for new rules on government procurement, remaining targets appear easy to meet, the sources said. While there is a chance that some decrees and other measures authorising investment spending agreed with Brussels may still not have appeared in the official gazette by the deadline, officials feel they will have done enough to access the next installment of the total EUR190 billion promised to Italy under NextGenEu.

Keep reading...Show less
525 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

Italy is set to narrowly meet its June 30 deadline to pass targets set under the Europe’s NextGenerationEU programme, unlocking the next EUR19 billion tranche of funds, though some of the investment projects included as objectives are still to receive public money despite formal approval, two sources close to the matter told MNI.

Following approval this week of a framework law for new rules on government procurement, remaining targets appear easy to meet, the sources said. While there is a chance that some decrees and other measures authorising investment spending agreed with Brussels may still not have appeared in the official gazette by the deadline, officials feel they will have done enough to access the next installment of the total EUR190 billion promised to Italy under NextGenEu.

Keep reading...Show less