Handelsblatt editor Frank Wiebe explains why Italy remains a problem for Europe and especially for the euro zone.
(Photo: Getty Images)
Frankfurt Europe’s stock exchanges were dominated on Wednesday by hopes that inflation would subside. After relatively moderate figures in Germany, France also published a significantly lower than expected inflation rate of 6.7 percent.
Prices rose as expectations grew that the European Central Bank’s (ECB) cycle of rate hikes might end sooner than feared. The leading German index, the Dax, rose significantly and was up 2.2 percent at 14,491 points at the end of trading.
But the announcement by ECB boss Christine Lagarde that the key rates in the euro zone must continue to rise is still pending. That’s why many investors are still worried about Italy’s role in the monetary union. After taking office, the new, right-wing head of government Giorgia Meloni was pragmatic and distanced herself from her neo-fascist past.
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