{"id":18758,"date":"2023-04-21T06:30:36","date_gmt":"2023-04-21T06:30:36","guid":{"rendered":"http:\/\/lynettelockhart.com\/client\/italy-may-ratify-eu\/"},"modified":"2023-04-21T06:34:10","modified_gmt":"2023-04-21T06:34:10","slug":"italy-may-ratify-eu","status":"publish","type":"post","link":"http:\/\/lynettelockhart.com\/client\/italy-may-ratify-eu\/","title":{"rendered":"Italy may ratify EU bailout fund reform “if turned into growth instrument” – Meloni"},"content":{"rendered":"

ROME (Reuters) – Italy is ready to consider ratifying the reform of the euro zone’s bailout fund (ESM) for countries and banks cut off from markets “if it is transformed into a growth instrument”, Prime Minister Giorgia Meloni was quoted as saying on Friday.<\/p>\n

Under the reform agreed at the EU level in 2021 but still not ratified, the 500 billion euro ($547.90 billion) ESM would provide a backstop to the Single Resolution Fund, which is responsible for dealing with failing banks in the context of the European Banking Union.<\/p>\n

Meloni, who has often criticized the reform of the ESM due to concerns it would increase the risk of a restructuring of Rome’s huge national debt, told Il Foglio daily that the instrument was “obsolete.”<\/p>\n

Signing off on the reform as currently proposed would not be a “farsighted” decision, she added. <\/p>\n

($1 = 0.9126 euros)<\/p>\n

\n

(Reporting by Federico Maccioni, editing by Gavin Jones)<\/p>\n

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ROME (Reuters) – Italy is ready to consider ratifying the reform of the euro zone’s bailout fund (ESM) for countries and banks cut off from markets “if it is transformed into a growth instrument”, Prime Minister Giorgia Meloni was quoted as saying on Friday. Under the reform agreed at the EU level in 2021 but […]<\/p>\n","protected":false},"author":8,"featured_media":18759,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[1216],"tags":[],"class_list":["post-18758","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-u-s-economy"],"jetpack_featured_media_url":"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportEconomy\/tagreuters.com2023binary_LYNXMPEJ3K05L-VIEWIMAGE.jpg","_links":{"self":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/18758","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/comments?post=18758"}],"version-history":[{"count":1,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/18758\/revisions"}],"predecessor-version":[{"id":18760,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/18758\/revisions\/18760"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media\/18759"}],"wp:attachment":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media?parent=18758"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/categories?post=18758"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/tags?post=18758"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}