New Government to Be Initially Only Modestly Confrontational with Europe

By Brunello Rosa and Nouriel Roubini

20 June 2018

These travel notes expand the Working Paper (bullet points) published on 11 June 2018 and discuss the following issues:

• the current cyclical economic situation of Italy;
• the fiscal implications of the current economic juncture and their compatibility with EU criteria;
• the intended policies of the new government and their impact on fiscal accounts;
• recent political developments; and
• implications of the above for financial markets.

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Download PDF: Travel Notes Italy – June 2018