Italy's fiscal picture remains the main story, with the budget plan showing the deficit dipping below the EU threshold next year before rising again in 2027, while the spread on It
Italy's fiscal picture remains the main story, with the budget plan showing the deficit dipping below the EU threshold next year before rising again in 2027, while the spread on Italian bonds against German debt keeps widening as markets price in that later slippage. On the banking side, a major Italian lender has raised its takeover offer for Monte dei Paschi while warning it could walk away, keeping consolidation chatter alive. Rome has also confirmed it has no candidate for the ECB presidency and is calling for clarity on the succession, adding a political layer to an already cautious mood.
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