The ECB's unexpectedly hawkish shift tone prompted a sizeable market reaction, with Italian 10-year bond yields rising 55bps, to 1.95%. However, we...

We expect important changes to the EU’s fiscal governance framework, but no paradigm shift. Specifically, green and digital public investments will...

With Covid infections rising rapidly again across Europe, the health situation is back under the spotlight. Governments across the region are...

Monthly data continues to show a gradual but persistent slowdown in economic activity moving deeper into Q4. While we still expect the eurozone...

We remain sceptical that Draghi’s reform agenda will be fully delivered and consider a long-term improvement in Italy’s economic prospects as an...

GDP for the eurozone surprised on the upside in Q3 with growth of 2.2% q/q, slightly up from Q2. The surprise came mainly from France and Italy,...

Despite another shift in the Covid-19 situation across Europe, national governments have largely resisted imposing new lockdowns, and our short-term...

According to our analysis, reforms planned by Italy’s new Prime Minister Mario Draghi could reverse some of the lacklustre growth and debt...

The current Conte government looks very likely to end soon, as previous PM Renzi will withdraw his support over the next few hours. At this stage,...