Analysis – Markets turbulent, Italy surprisingly stable

and25 Billions of euros in funding are at stake and the Meloni government is unlikely to risk a conflict with the EU in talks with Brussels, investors say.

Gareth Hill, fund manager at Royal London Asset Management, said: “There is no reason for Italy to start fighting back at this stage. “He halved his underweight position in Italian bonds in March, betting that spreads won’t widen as much as they did last year. 500