https://feeds.thelocal.com/ Read the latest news and views from Italy in English en-us news@thelocal.com (TheLocal) webmaster@thelocal.com (TheLocal) TheLocal RSS Feed European stock markets slumped on Friday and the pound hit a fresh two-year low against the euro as traders reacted to a fast-moving Italian political crisis and data showing Britain's Brexit-facing economy is on the brink of recession. https://www.thelocal.it/20190809/italys-political-crisis-threatens-its-struggling-economy Fri, 09 Aug 2019 19:13:33 +0200 italys-political-crisis-threatens-its-struggling-economy After spending less money than expected so far in 2019, Italy's government says it is set to avoid threatened EU disciplinary procedures over its controversial budget and high levels of public debt. https://www.thelocal.it/20190702/italy-insists-its-on-track-to-avoid-eu-budget-fines Tue, 02 Jul 2019 15:21:32 +0200 italy-insists-its-on-track-to-avoid-eu-budget-fines The Italian government is proposing issuing a new form of currency. But why? And what would it mean for the euro? https://www.thelocal.it/20190614/why-is-italy-talking-about-introducing-another-currency Fri, 14 Jun 2019 18:04:30 +0200 why-is-italy-talking-about-introducing-another-currency "Italy is once again becoming a problem for the eurozone," analysts said on Tuesday as a fresh political row brews over Italy's budget deficit. https://www.thelocal.it/20190528/european-stocks-drop-as-trouble-brews-between-rome-and-brussels Tue, 28 May 2019 15:20:54 +0200 european-stocks-drop-as-trouble-brews-between-rome-and-brussels The European Commission cut its eurozone growth forecast for 2019 on Tuesday, with overspending by populist-run Italy a major concern. https://www.thelocal.it/20190508/italys-public-debt-to-hit-record-high-in-2019-says-eu Wed, 08 May 2019 11:36:52 +0200 italys-public-debt-to-hit-record-high-in-2019-says-eu Eurozone finance ministers firmly warned Italy on Monday to abide by EU rules on public spending, just days after Rome announced a big spending boost in defiance of Brussels. https://www.thelocal.it/20181001/eurozone-delivers-warning-to-italy-on-eu-budget-rules Mon, 01 Oct 2018 18:30:00 +0200 eurozone-delivers-warning-to-italy-on-eu-budget-rules A top EU official on Friday said that Italy's budget plans were going in the right direction despite calls for a major spending boost by the anti-establishment government in Rome. https://www.thelocal.it/20180908/italy-reassures-nervous-eurozone-on-budget-plans Sat, 08 Sep 2018 05:23:29 +0200 italy-reassures-nervous-eurozone-on-budget-plans Italian Prime Minister Matteo Renzi prepared to hand in his resignation Monday after suffering a ruinous referendum defeat cheered by populist leaders but sparking fresh jitters in Europe. https://www.thelocal.it/20161205/eurosceptics-delight-as-defeated-renzi-quits Mon, 05 Dec 2016 12:29:03 +0100 eurosceptics-delight-as-defeated-renzi-quits A further 16,109 jobs will be lost in Italy’s banking sector by 2020, Lando Maria Sileoni, the secretary general of the banking trade union, Fabi, said on Tuesday. https://www.thelocal.it/20160810/italys-banking-sector-to-shed-over-16000-jobs-by-2020 Wed, 10 Aug 2016 11:07:35 +0200 italys-banking-sector-to-shed-over-16000-jobs-by-2020 Eurozone finance ministers approved on Friday a third bailout worth up to €86 billion to keep Greece in the single currency in return for an unprecedented package of reforms that Athens had previously rejected. https://www.thelocal.it/20150815/eurozone-approves-greek-bailout-in-return-for-far-reaching-reforms Sat, 15 Aug 2015 11:38:23 +0200 eurozone-approves-greek-bailout-in-return-for-far-reaching-reforms The Swiss ambassador to Rome has been hauled in front of Italy’s foreign affairs minister to explain Switzerland’s frosty stance towards Italian nationals working over the border, Swiss and Italian media reported on Tuesday. https://www.thelocal.it/20150729/italy-angered-by-swiss-stance-on-italian-workers Wed, 29 Jul 2015 12:07:43 +0200 italy-angered-by-swiss-stance-on-italian-workers Greece on Sunday faced a final EU summit to clinch a deal that would stop Athens crashing out of the euro after divided eurozone ministers halted "very difficult" talks on a new bailout overnight. https://www.thelocal.it/20150712/greece-faces-d-day-as-bailout-talks-resume Sun, 12 Jul 2015 11:57:34 +0200 greece-faces-d-day-as-bailout-talks-resume UPDATED: Milan's stock exchange opened sharply lower on Monday as investors grew increasingly spooked by the Greek crisis. https://www.thelocal.it/20150629/greek-crisis-italys-borrowing-costs-soar Mon, 29 Jun 2015 10:38:41 +0200 greek-crisis-italys-borrowing-costs-soar The European Central Bank said on Sunday it would keep its emergency cash lifeline to Greece at current levels, in a move that may not be enough to help the debt-laden country stave off leaving the eurozone. https://www.thelocal.it/20150628/european-central-bank-offers-greece-hope Sun, 28 Jun 2015 17:16:19 +0200 european-central-bank-offers-greece-hope EU finance ministers are "sad" about Greece's decision to put creditors' austerity measures to a referendum on July 5 and say they will not extend Greece's bail-out deal on June 30, in a move which could trigger a banking collapse. https://www.thelocal.it/20150627/greece-referendum-bombshell-causes-euro-havoc Sat, 27 Jun 2015 17:25:04 +0200 greece-referendum-bombshell-causes-euro-havoc Growth momentum is strengthening in the eurozone, data from the Organization for Economic Cooperation and Development (OECD) released on Thursday showed, particulary in Italy and France. https://www.thelocal.it/20150409/italys-economy-gathering-pace-oecd Thu, 09 Apr 2015 17:03:43 +0200 italys-economy-gathering-pace-oecd The EU is seeking information from Italy, Spain, Greece and Portugal to determine if they have illegally supported their frail banks, officials said on Tuesday. https://www.thelocal.it/20150407/eu-quizzes-italy-on-bank-aid Tue, 07 Apr 2015 16:47:05 +0200 eu-quizzes-italy-on-bank-aid German Chancellor Angela Merkel on Friday backed Italy's Matteo Renzi to deliver on a pledge to "turbo-charge" his reforms after the European Central Bank's decision to pump billions into the moribund eurozone economy. https://www.thelocal.it/20150123/merkel-confident-renzi-will-deliver-on-reform-pledge Fri, 23 Jan 2015 15:54:00 +0100 merkel-confident-renzi-will-deliver-on-reform-pledge The eurozone's deep divisions were set to be given an airing on Thursday as Italian Prime Minister Matteo Renzi hosted German Chancellor Angela Merkel days before crucial elections in Greece. https://www.thelocal.it/20150123/renzi-uses-florences-splendour-to-woo-merkel Fri, 23 Jan 2015 09:19:00 +0100 renzi-uses-florences-splendour-to-woo-merkel Italy and France moved a step closer on Wednesday to having their budgets humiliatingly sanctioned by Brussels, with four other countries also in the EU danger zone, a European source said. https://www.thelocal.it/20141022/italy-steps-closer-to-eu-budget-warning Wed, 22 Oct 2014 16:19:00 +0200 italy-steps-closer-to-eu-budget-warning