According to analysts at Rabobank, Italy’s populists may be able to claim victory in their first budget battle, but the market’s dissatisfaction will ensure that there is a price to pay. Key Quotes “BTP yields have spiked higher on the news that Italy’s government has agreed on a budget deficit figure of 2.4% of GDP. Although this is well below the 3% of GDP budgetary criteria of the Eurozone’s Maastricht Treaty, it is significantly higher than the level which would have allowed Italy to take a grip of it huge national debt. That said, the larger deficit will allow Deputy Premiers Di Maio and Salvini to pursue their populist manifesto pledge. Whether or not this is theme just for Italy or whether populism will loosen the purse strings around Europe is now a concern for the region.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD faces further downside near term – Commerzbank FX Street 4 years According to analysts at Rabobank, Italy's populists may be able to claim victory in their first budget battle, but the market's dissatisfaction will ensure that there is a price to pay. Key Quotes "BTP yields have spiked higher on the news that Italy's government has agreed on a budget deficit figure of 2.4% of GDP. Although this is well below the 3% of GDP budgetary criteria of the Eurozone's Maastricht Treaty, it is significantly higher than the level which would have allowed Italy to take a grip of it huge national debt. That said, the larger deficit will… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
