Commentary

Italy: Government Instability Brings Risk To Pandemic Management and Recovery Plan Implementation

Sovereigns

Summary

DBRS Morningstar released a commentary titled ”Italy: Government Instability Brings Risk To Pandemic Management and Recovery Plan Implementation”

Former Prime Minister Mr Renzi’s decision to withdraw its party’s (Italia Viva, IV) ministers from Mr Conte’s cabinet is generating uncertainty. A political compromise is likely to be found but DBRS Morningstar's concerns lie with pandemic management as well as the implementation of the national Recovery and Resilience Plan (RRP) to boost Italy's recovery.