Italian Prime Minister Giorgia Meloni, who once praised the country's postal service as a 'crown jewel', is now selling a stake in it as part of a broader privatization effort to address Italy's substantial public debt. In addition to this, Meloni has committed €5.5 billion to development projects in Africa with the intention of curbing illegal immigration and creating opportunities, although the response from African leaders has been mixed. This privatization drive and appeal to the middle classes for support indicate a strategic shift as Italy faces a year of significant debt sales, aiming to maintain solvency and stability in the face of potential bond market pressures.
A year of big debt sales means Giorgia Meloni has to rely even more on citizens to help keep Italy solvent https://t.co/z5v1lm24Js
Meloni wants the middle classes to shield Italy from bond vigilantes https://t.co/6l4Y5ZiSHk via @Alemrome @alicegledhill1 https://t.co/4xvTXj7RwA
A year of big debt sales means Giorgia Meloni has to rely even more on citizens to help keep Italy solvent https://t.co/dSMFu4vulL
Italian PM Meloni unleashes bold privatization drive to tackle public debt https://t.co/QRXjXVYCz6
Italian Prime Minister Giorgia Meloni has pledged €5.5bn for development projects in Africa to curb illegal immigration and offer ‘an alternative made of opportunities'. But not all African leaders appeared as impressed https://t.co/CoCQoUiQY4
Italian Prime Minister Giorgia Meloni once declared Italy's postal service a "crown jewel" that must stay in state hands, but she is now selling a stake as part of a privatization program to tackle a huge public debt. https://t.co/pX7Blju8fz