08/11/18

Italian Bond Yields Jump After EU Projects Debt Limit Breach



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Italian Bond Yields Jump After EU Projects Debt Limit Breach
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Italy's bond yields jumped and the euro dropped after the EU said the country's deficit assumptions would breach its 3.0% limit by 2020.

In a report released as part of its overview of the European economy, the EU warned Rome's growth estimates were too optimistic and that the deficit would widen to 2.9% next year, far above the government's 2.4% target. The deficit would then rise above the bloc's 3% limit in 2020.

The report marks the latest shot in the ....

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