FYI: As if trade wars, rising interest rates and slowing global growth weren’t enough, the world’s finance chiefs are zeroing in on another source of concern: Italy.
The populist government’s rule-busting budget plans and accusatory rhetoric against its European partners have repeatedly cropped up among ministers and central bankers at the annual meetings of the International Monetary Fund and the World Bank in Bali. Italian Finance Minister Giovanni Tria, at his IMF debut, had his work cut out trying to reassure colleagues that his country is committed to the euro and will put debt on a downward path.
Regards,
Ted
https://www.bloomberg.com/news/articles/2018-10-13/italy-emerges-as-creeping-concern-among-finance-chiefs-in-bali?srnd=fixed-income
