Eurozone News
LAST UPDATE: July 11, 2025
Italy says can exit EU deficit procedure in 2026, ahead of schedule
Italy announced that it expects to exit the EU’s excessive deficit procedure by 2026, earlier than previously projected, due to improved fiscal metrics.
Insight
This could strengthen Italy’s fiscal credibility and lower borrowing costs, though continued reforms are essential.
Germany’s Klingbeil Urges UniCredit to Drop Commerzbank Pursuit
German Finance Minister Klingbeil urged Italy’s UniCredit to abandon its attempt to acquire Commerzbank, citing political and regulatory concerns.
Insight
Berlin’s intervention signals caution toward foreign takeovers in key financial institutions and reflects national control priorities.
Portugal re-launches TAP airline privatisation, aims to sell 49.9%
The Portuguese government relaunched its plan to privatize TAP Air Portugal, targeting the sale of 49.9% to strategic investors.
Insight
This move aims to enhance TAP’s competitiveness and reduce state financial burdens.
Spain’s tourism sector expects slowdown in summer sales
Spanish tourism businesses forecast a slowdown in summer revenues due to inflation and reduced demand from key markets.
Insight
The industry’s outlook highlights economic vulnerabilities linked to global consumer sentiment and pricing pressures.
