Italy downturn signals troubled summer, The potential for central bank digital currencies

Banking, Comment, Conferences, Seminars, Forums, Finance, News — By on February 27, 2019 at 7:39 AM

Commentary: Italy downturn signals troubled summer

By Sofia Melis in Rome

Luigi Di Maio, leader of Five Star Movement, and Matteo Salvini, head of the League, proclaim the strong partnership between Italy’s two governing parties. Not only will they retain power, they say; they will also implement all the expensive social spending policies agreed in their ‘government contract’.

But recent developments – especially the sharp economic slowdown – raise doubts whether the coalition can agree the 2020 budget. This portends a troubled political summer. May’s European elections will be critical.

Read the full commentary on the website.

Podcast: The potential for central bank digital currencies

Bhavin Patel, economist at OMFIF, joins Ellie Groves, programmes manager at OMFIF, to discuss the move from private cryptocurrencies to central bank digital currencies.

They consider the potential impact of this, particularly addressing the need for a global consensus on regulation.

Listen to the recording, or search for OMFIF on your smartphone’s podcast app.

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