Italy warns of autumn funding crisis as EU summit claims unravel

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'Italian Prime Minister Giuseppe Conte was given a hero’s return in Rome, but it is now becoming clearer that he made large concessions for limited help', writes Ambrose Evans-Pritchard

Celebrations over the EU's €750bn Recovery Fund have been rudely interrupted. Italy is already warning that the money will not come soon enough to avert an autumn liquidity squeeze.

 

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Italy faces a liquidity squeeze. The problem for the Telegraph is that it produces one piece of bad EU news after another while things in UK seem to be going really well. I think the a Telegraph may have a credibility problem.

Italy should leave the tyrannical EU, return to the Lira, and devalue its currency to stimulate exports and tourism.

mindserenade 🤭 thought they were going to be fine

Obvious to one and all.

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