Italian Prime Minister Enrico Letta is evaluating austerity measures to pay for a promised payroll- tax cut in the 2014 budget, his first major piece of legislation since marginalizing his ally, Silvio Berlusconi.
Italian Prime Minister Enrico Letta, whose country has knocked more than 3 percentage points off its 10-year borrowing costs since Nov. 2011, is seeking a similar vote of confidence from equity investors.
Hungary needs a precautionary standby loan agreement with the International Monetary Fund to defend against contagion from a potential worsening of the euro crisis, Bank of America Corp. economist Raffaella Tenconi said.
Poland’s central bank will increase its benchmark interest rate in quarter-point steps in March and May as economic growth and a weak zloty keep inflation above the 2.5 percent target, Bank of America Merrill Lynch said.
Moody’s Investors Service and Standard & Poor’s dashed hopes for a quick ratings upgrade for Poland as Prime Minister Donald Tusk rattled investors with a pledge to cancel bonds held by pension funds to cut public debt.
Miroslav Singer , a University of Pittsburgh-trained economist, was named the next governor of the Czech central bank today. He said there’s no need for major monetary policy changes when he takes office July 1.