Budget uncertainties delaying 2019 Italian ECM

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Budget uncertainties delaying 2019 Italian ECM

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(From L) Italy's Deputy Prime Minister and Minister of Economic Development, Labour and Social Policies, Luigi Di Maio, Italy's Prime Minister, Giuseppe Conte, Italy's Deputy Prime Minister and Interior Minister, Matteo Salvini, hold a press conference at Palazzo Chigi in Rome, Italy, following a Cabinet meeting on Italy’s draft budget, after its submission to the European Commission on October 20, 2018. The European Commission criticised Italy’s draft budget plans, causing a standoff between Brussels and Rome. (Photo by Michele Spatari/NurPhoto/Sipa USA) | NurPhoto/SIPA USA/PA Images

Continued uncertainty over the budget negotiations between the Italian government and the European Union is likely to delay Italian equity capital market deals in 2019, said bankers.

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