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12th Aug 2024 11:08EurozoneDaily Monitor

  • Italy’s new wealth tax on foreign income will help public finances but won’t balance the books… 
  • ...Spending needs to come down, and significantly, to get Italy away from a near 6% deficit this year.
  • As expected, the SNB intervened to stem the rise in the franc last week; more CHF sales will be needed.

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Keywords for: 13 August 2024 Eurozone Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence