Italian government bond yields held steady as the country successfully sold 8.5 billion euros of debt in an auction amid hefty ECB stimulus and hopes the country’s efforts to contain the spread of the novel coronavirus may be starting to work. Source Reuters
France’s economy is on course to contract 20% in the second quarter from the previous three months as the country emerges from a nationwide coronavirus lockdown, the INSEE official statistics agency estimated on Wednesday. Source France24
The airline industry’s global debt could rise to US$550 billion by year-end, said the International Air Transport Association (IATA).
In an analysis released yesterday, IATA that that is a US$120 billion increase over debt levels at the start of 2020.
It said US$67 billion of the new debt is composed of government loans (US$50 billion), deferred taxes (US$5 billion) and loan guarantees (US$12 billion). Source The Edge Market
The package includes an increase to the state subsidies given to motivate potential buyers of new electric and hybrid cars. The plan also includes a state loan worth €5 billion for troubled carmaker Renault. Source Deutsche Welle
