The Eurozone Crisis Thread

#Italy bonds rally w/10y risk spread over Germany plunges to 235bps as Moody’s hints that it could hold off downgrading Italy to junk. Moody’s currently ranks Italy as Baa3, its lowest investment grade, w/review scheduled for May8. S&P will review Italy rating this evening. pic.twitter.com/OhBuMKIS85

— Holger Zschaepitz (@Schuldensuehner) April 24, 2020

https://www.independent.co.uk/news/world/europe/coronavirus-europe-economy-recovery-france-germany-grants-macron-merkel-a9520566.html

Breaking: Apple and Ireland have won their appeal against the European Commission's €13.1 billion ruling:

The General Court of the European Union annuls the decision taken by the
Commission regarding the Irish tax rulings in favour of Apple

— Tony Connelly (@tconnellyRTE) July 15, 2020

Seems bad. Potentially no impediment to Eurozone countries setting an effective 0.005% tax rate on international companies afaict, though it will be appealed.

ffffs

If Berlusconi somehow ends up as PM that will be another pretty good indication of where 2021 is headed https://t.co/sQYdfqxzmu

— Populism Updates (@PopulismUpdates) January 12, 2021

No, grazie.