Ruling 5-Star says it “will take months” for Italy to sign off on ESM reform

0
67

© Reuters. Ruling 5-Star says it “will take months” for Italy to sign off on ESM reform

ROME (Reuters) – Italy’s ruling 5-Star Movement said on Thursday it would take months before Rome was in a position to sign off on reform of the euro zone bailout fund.

Euro zone leaders were due to sign off on the reform next week, but Italy’s ruling parties are divided on the issue. The 5-Star Movement is against approving it until plans for a wider European banking union become clearer, while the center-left Democratic Party (PD) supports the reform.

“We do not sign until we know the other reforms in detail. It will take months to understand whether the package is in Italy’s favor,” European affairs undersecretary Laurea Agea said in a statement.

Article continues below Advertisement...

Disclaimer: Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (, indexes, futures) and Forex are not provided by exchanges but rather by market makers, and so may not be accurate and may differ from the actual market , meaning are indicative and not appropriate for purposes. Therefore Fusion Media doesn`t bear any responsibility for any you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial , it is one of the riskiest investment forms possible.

Source: Investing.com

LEAVE A REPLY

Please enter your comment!
Please enter your name here