Free Trial

MNI BRIEF: Italy Needs Primary Surplus Due Higher Rates-Visco

(MNI) Rome

Italy should return to having “significant primary surpluses” soon due to higher interest rates that will make refinancing the national debt debt and annual interest burden higher, Bank of Italy governor Ignazio Visco said in a speech on Wednesday.

The fiscal system reform, which aims to lower taxes would need to be financed with enough resources to keep debt sustainable, he said.

"No intervention can realistically disregard the constraints posed by our high public debt," Visco said regarding the fiscal reform plans.

MNI London Bureau | +44 203-865-3812 |
MNI London Bureau | +44 203-865-3812 |

To read the full story

Why Subscribe to


MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.