FYI: Italy’s budgetary plans for the 2019 fiscal year have unnerved financial markets. The Lega/Five Star Movement governing coalition, which came into power with the promise of a comprehensive program of extra public expenditure, has approved a substantial upward revision to the 2019 budget deficit target to 2.4% of gross domestic product: 3 times higher than the 0.8% figure agreed by the previous administration with the European Commission. The deficit targets for 2020 and 2021 are 2.1% and 1.9%, respectively.
Regards,
Ted
https://www.morningstar.com/articles/887068/how-exposed-to-italy-are-index-funds.html
