Italy's Budget Deficits Put Credit Rating at Risk by Threatening ECB Bond Support
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Italy's higher budget deficits could make it ineligible for ECB bond support, threatening its credit rating.
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ECB eligibility is key for Italy maintaining its current credit rating.
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Italy faces scrutiny from rating agencies in Oct-Nov, a key test for bond yield stability.
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An early end to ECB bond buying would force Italy to find new buyers for €50B of debt.
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Delays in EU recovery funds and lack of fiscal reform could raise Italy's deficit and debt risks.
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