Italy’s constitutional referendum on 4 December is unlikely to deliver the type of shock caused by the UK’s Brexit vote or Donald Trump’s electoral triumph in the US. But this shouldn’t provide investors with much comfort. Increased political uncertainty could exacerbate problems for the country’s beleaguered banks. And regardless of the referendum outcome, Italy faces […]
Following its first increase in several months in April, the European Central Bank’s governing council raised interest rates by a further 25 basis points to 1.5%. European economists say the amount stronger countries in the region contribute to its GDP drove the move, but warn of further damage to Europe’s periphery.
The European Central Bank’s governing council has officially adopted an opinion on the appointment of Mario Draghi as its new president, making his ascendancy to the role all but certain.