After Germany ratified the reform of the European Stability Mechanism (ESM) - the euro area’s rescue fund - in mid-December 2022, all eyes are now on Italy, which was waiting for the German Constitutional Court’s ruling on the reform before indicating how it wished to proceed (see EUROPE B13059A35).
“Everything is now in the hands of the Italian Parliament”, said ESM Executive Director Pierre Gramegna on Monday 16 January after the Eurogroup meeting, noting constructive discussions...