Good Morning/afternoon folks.

Italy’s new PM Matteo Renzi is currently laying his master plan down for the Italian senate ahead of a confidence vote. should you wish to follow it’s live here

The event should be pretty straight forward (as straight forward as it gets in Italian politics) so there shouldn’t be too much market reaction unless he comes out with something completely out of left field.

So far he has said;

  • Italy is living in difficult times
  • Asks Senators to support his new government
  • The economy needs to exit this swamp
  • Radical changes needed at this moment in time
  • Recovering lost confidence Key to recession exit
  • EU presidency a big opportunity for Italy
  • Democratic party doesn’t fear elections