“Withdrawing the COVID-19 support measures too early is more dangerous than doing so too late,” European Commissioner for economy Paolo Gentiloni said in a statement on Monday.
Additional comments
“Coming weeks the EU will decide if and how freezing of stability and growth pact should be extended.”
“EU objective of vaccinating 70% of adult population by summer is “ambitious but achievable.”
“Draghi govt fundamental to reinstate trust in Italy, helps overcome other member states’ resistance to reforming stability pact.”
“Italy’s recovery plan already has good fundamentals, but still many steps forward needed on reform commitments, procedures to execute.”
“Italy will need economic policies to gradually reduce current debt and which do not create permanent debt.”
EUR/USD off the lows
EUR/USD is attempting recovery around 1.2125, having hit a low of 1.2113 amid rising US Treasury yields. The spot gains 0.05% on the day.
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