France said it was ready to seek other buyers for its biggest shipyard should Italy refuse a 50-50 ownership split, before both countries pledged to find a solution next month. French Economy Minister Bruno Le Maire, told the Corriere della Sera daily that a deal with Fincantieri might not be thrashed out.
Rome narrowly avoided water rationing after a deal between the regional government and the city's water company defused a row over drawing water from a drought-affected lake. Taps had been due to run dry for 1.5 million Romans for up to eight hours a day from Monday, and Mayor Virginia Raggi urged the central government to intervene.
The head of Germany's Ifo economic institute believes Italians will eventually want to quit the euro currency area if their standard of living does not improve, he told German daily Tagesspiegel.
Ecuador signed an agreement with Italy to define the tax obligations of the citizens of the two countries, in order to avoid double taxation on income taxes and equity and prevent tax evasion, the Ecuadorian Foreign Ministry said.
State President Sergio Mattarella commissioned the 62-year-old Social Democrat to form a new government. Gentiloni said his nomination was a great honor, which he wanted to fulfill with consciousness of responsibility and dignity. It is unclear whether he will remain in office until spring 2018.
Following up on Madonna's example in offering sex acts for political votes, Paola Saulino, an Italian model who works in Los Angeles and had promised to perform oral sex on all those who voted No in last weekend's referendum in her home country, has realeased a schedule for her pledge-honoring ‘Pompa Tour.’
Calls mounted on Monday from populist and other opposition leaders for quick elections in Italy, seeking to capitalize on Premier Matteo Renzi's humiliating defeat in a referendum on government-championed reforms. But President Sergio Mattarella told Renzi to stay in office a bit longer until a critical budget law is passed. Some officials say Parliament could pass that law as soon as the end of the week.
The euro tumbled on Monday in Tokyo following the results in a referendum held in Italy on Sunday to decide whether Prime Minister's Matteo Renzi's plan to reform the Constitution should be carried out. After conceding defeat, Renzi announced he would be submitting his resignation to President Sergio Mattarella on Monday. The referendum results raised political uncertainty at continental level.
Italian voters have dealt a serious defeat to the government of Prime Minister Matteo Renzi. In a referendum Sunday, they rejected Renzi's proposed constitutional reforms, which would have changed the balance of power between the executive and Parliament.
By Gwynne Dyer - Today saying No is the most beautiful and glorious form of politics....Whoever doesn't understand that can go screw themselves. It could have been Donald Trump before the US election two weeks ago, or Boris Johnson during the Brext campaign in Britain last June, but it was actually Beppe Grillo, founder and leader of Italy's populist Five Star Movement.