×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: EU | Europe | Economy

European Central Bank Sends Italy a Warning over Debt

European Central Bank Sends Italy a Warning over Debt

Wednesday, 29 May 2019 04:37 AM EDT

FRANKFURT, Germany (AP) — The European Central Bank says that challenges to financial stability in the eurozone have risen amid risks to economic growth from trade tensions, and warns that indebted governments such as Italy could run into trouble if they don't heed rules limiting debt and deficits.

The warning in an ECB report released Wednesday comes as Italy's populist government is challenging the debt rules, saying they are a hindrance to growth and setting up continued conflict with the EU's executive commission.

The ECB said that "should downside risks to growth materialize, financing costs for vulnerable sovereigns are likely to increase and may increase debt sustainability concerns."

The ECB also warned that the banking system faces challenges including weak profitability and the failure to cut costs.

© Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


GlobalTalk
The European Central Bank says that challenges to financial stability in the eurozone have risen amid risks to economic growth from trade tensions, and warns that indebted governments such as Italy could run into trouble if they don't heed rules limiting debt and...
EU,Europe,Economy
126
2019-37-29
Wednesday, 29 May 2019 04:37 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved