Economics
Italy May Request ESM Credit Lines in July, Repubblica Reports
This article is for subscribers only.
Prime Minister Giuseppe Conte’s government may request up to 36 billion euros ($40 billion) in credit lines linked to the European Stability Mechanism by the end of July, Repubblica newspaper reported, without saying where it got the information.
The Italian government wants to wrap up talks on the European Union recovery fund first before deciding on the ESM credit lines, Finance Minister Roberto Gualtieri said in an interview on RAI 3 TV late Saturday. The advantage of the ESM lines, linked to health spending, is that the interest rate is close to zero and there are no conditions attached, he added.