Tag: Italy

Italy’s Sassoli likely to be next #EuropeanParliament speaker after socialists back him

Italy’s Sassoli likely to be next #EuropeanParliament speaker after socialists back him

| July 4, 2019

The group of socialists in the European Parliament backed Italian lawmaker David Sassoli on Tuesday (2 July) as their candidate for the presidency of the chamber, making him the most likely next speaker of the assembly, writes Francesco Guarascio. Sassoli is supported by his socialist grouping and by the centre-right group, the largest in the parliament, […]

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#Italy PM says deficit back on track this year, EU wants more on 2020

#Italy PM says deficit back on track this year, EU wants more on 2020

| July 3, 2019

Italy’s 2019 budget deficit was smaller than forecast, meaning the country probably complied with European Union fiscal rules this year, but doubts remain over next year, Prime Minister Giuseppe Conte (pictured) said on Tuesday (2 July), write Francesco Guarascio and Gavin Jones. The European Commission has threatened to open disciplinary procedures against Rome because it failed to […]

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#JunckerPlan supports small- and medium-sized businesses in Italy with €330 million in financing

#JunckerPlan supports small- and medium-sized businesses in Italy with €330 million in financing

| July 1, 2019

The Juncker Plan’s European Fund for Strategic Investments is backing an agreement signed in Italy. The deal is between the European Investment Bank (EIB) Group and Italian bank Banco BPM, to provide €330 million in financing to small and medium sized businesses and mid-cap companies in the industrial, agricultural, tourism and services sectors. Jobs, Growth, […]

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UK #COP26 presidency bid in partnership with #Italy

UK #COP26 presidency bid in partnership with #Italy

| June 19, 2019

  The United Kingdom and Italy have agreed to present a proposal for the UK to assume the Presidency of the 26th Conference of the Parties (COP) to the United Nations Framework Convention on Climate Change (UNFCCC) in partnership with Italy. Building on previous proposals, the UK offers to host the COP and Italy the […]

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Up to #Italy to prove it’s reducing debt: EU’s #Moscovici

Up to #Italy to prove it’s reducing debt: EU’s #Moscovici

| June 7, 2019

Economics Commissioner Pierre Moscovici (pictured) renewed pressure on Italy on Thursday (6 June) over its public finances, saying it was up to Rome to prove it was bringing its deficit and debt under control. The European Commission said on Wednesday (5 June) that Italy’s rising debt broke EU rules, opening the way for a possible […]

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#Italy woes quell Fed cheer for European stocks

#Italy woes quell Fed cheer for European stocks

| June 5, 2019

European shares opened flat to marginally higher on Wednesday (5 June), as concerns about Italy’s budget offset hopes of an interest rate cut from the Federal Reserve to prop up a slowing global economy, write Sruthi Shankar and Amy Caren Daniel. Europe’s main STOXX 600 index rose 0.1% after Wall Street and Asian markets had both […]

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#Italy says it won’t seek fight with EU, amid talk of government crisis

#Italy says it won’t seek fight with EU, amid talk of government crisis

| June 4, 2019

The Italian government is confident it can reach a compromise with Brussels and avoid sanctions over its deteriorating public finances, the economy minister said as talk of a looming government crisis grew, write Giselda Vagnoni and Silvia Aloisi. The European Commission wrote to Italy last week asking it to explain why its public debt rose in 2018 instead […]

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