Giorgia Meloni and their Minister of Finance, Giancarlo Giorgetti, on 11 November 2022 in Rome. Roberto Monaldo/LaPresse/Panoramic
DECRYPTION – The government has launched a national subscription of Italian Treasury bonds to savers.
Rome
While the Italian Treasury must raise more than 500 billion euros on the markets in 2023, including 320 in the medium and long term, and at a time when the ECB is going to reduce its purchases of European Treasury bonds, the management of the public debt is one of Rome’s great concerns. The President of the Council, Giorgia Meloni, has always said that she wanted “to reduce Italy’s dependence on foreign creditors by increasing the number of Italians and residents in Italy holding shares of Italian debt”. The objective being toto secure (the) debt against new financial shocks and to solicit the confidence of savers and investors.”
For his Minister of Finance, Giancarlo Giorgetti, the involvement of Italian savers is an «central» public debt strategy. To better control the volatility of returns, to find an alternative to the withdrawal of foreign funds which have greatly reduced their assets in construction (goods…
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