On Thursday 15 June in Luxembourg, the Italian Finance Minister, Giancarlo Giorgetti, informed his counterparts of the discussions underway in Italy, particularly in the national parliament, on the possible ratification of the treaty revising the European Stability Mechanism (ESM) (see EUROPE B13172A7).
There seems to be no solution in sight, with the Italian coalition government still refusing to ratify the reform of the ESM that would allow it to act as a backstop for the ‘Single...