Italian bonds rally as government avoids snap election

By Lewis McLellan, Tyler Davies
20 Jan 2021

Italian prime minister Giuseppe Conte won a vote of confidence in the country's senate last night, removing the immediate threat of the government he leads collapsing. Relieved investors flocked back to Italian assets in the aftermath but Italy’s political troubles are unlikely to be over.

Conte and his government faced collapse late last week after Italia Viva, the party headed by former prime minister Matteo Renzi, pulled out of the coalition.

The schism began over how to spend the funds that Italy stands to receive from the EU’s Recovery and Resilience Facility, the ...

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