Italy's PM Meloni lambasts ECB's euro zone bailout fund (also says COVID is under control)

[forex4you]

Italy's PM Meloni lambasts ECB's euro zone bailout fund (also says COVID is under control)

<p>Italian Prime Minister Giorgia Meloni said the ECB's European Stability Mechanism (ESM) bailout fund has conditions that are "too stringent" and "I fear the fund will never be used".</p><ul><li>Using the fund would mean a country would see a  rise in its bond yields and "a series of disadvantageous things." </li></ul><p>Italy is the only EZ century holding off on ratifying ESM reform, aimed at backstopping failing banks in the Union. </p><p>More here at <a href="https://www.reuters.com/markets/europe/italys-meloni-takes-issue-with-ecb-euro-zones-bailout-fund-2022-12-29/" target="_blank" rel="nofollow">Reuters</a>. </p><p>Something to keep an eye on in 2023. For now, EUR is gaining above parity. </p><p>-</p><p>While on Italy, as posted yesterday:</p><ul><li><a href="https://www.forexlive.com/news/italy-begins-testing-all-arrivals-from-china-for-covid-wants-all-the-eu-to-do-so-20221228/" target="_blank" rel="follow" data-article-link="true">Italy begins testing all arrivals from China for COVID - wants all the EU to do so</a></li></ul><p>During Meloni's press conference she said Italy has sequenced half of the samples tested in Milan. They all omicron strain of the coronavirus. Meloni said:</p><ul><li>"This is quite reassuring .... The situation in Italy is under control, and there are no immediate concerns."</li></ul>

                This article was written by Eamonn Sheridan at www.forexlive.com.

Source: Italy's PM Meloni lambasts ECB's euro zone bailout fund (also says COVID is under control)

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