Parliament to Delay ESM Vote, Alongside MNI Expectations

Bloomberg report that the Italian Parliament have delayed a vote on the approval of ESM reform. The step is inline hat last Italy headline inline with our Policy Exclusive from June 23rd:

• "The Italian government will delay a parliamentary vote to ratify changes to the European Stability Mechanism treaty until after the summer as Rome continues to lobby the European Union over its fiscal rules and EUR200 billion in funding for Italy’s National Recovery Plan, parliamentary sources told MNI.
• "While the centre-left opposition Democratic Party has tabled a bill to ratify the treaty changes, to be debated on June 30, the government plans to use its parliamentary majority to ensure any vote is delayed for several months, the sources said."