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MercoPress, en Español

Montevideo, April 19th 2024 - 05:32 UTC

Tag: Five Star Movement

  • Wednesday, October 17th 2018 - 08:52 UTC

    Another headache for the EU: Italy and its populist budget

    The budget proposes increases both Italy's overall government debt and its deficit pushing it as high as 2.4% of GDP. Mandated maximum deficit is 0.8% of GDP

    Italy's government on Tuesday pushed the country closer to a showdown with the European Union after submitting its latest budget for review. The budget proposes increases both Italy's overall government debt and its deficit in the short run pushing the deficit as high as 2.4% of GDP over the coming years. This means Italy will fall foul of a previously mandated maximum deficit level of 0.8% of GDP.

  • Wednesday, May 30th 2018 - 09:26 UTC

    Global markets and the Euro his hard by the Italian political stalemate

    Italy plunged into crisis when President Sergio Mattarella vetoed the nomination of a fierce euro skeptic as economy minister

    Asian equities and the euro sank Wednesday as turmoil in Italy sparked a frantic dash for safety, while investors have also been spooked by fresh worries about the China-US trade row. Global markets have been sent into a tailspin as a political crisis unfolding in Rome has thrust the stability of the Euro zone and European Union back on to the agenda.

  • Tuesday, March 6th 2018 - 09:54 UTC

    Forget Berlusconi: Italy has become a major setback for the European Union

    If Berlusconi fails to cobble together a parliamentary majority, the Five Star Movement will likely have to form a coalition.

    Italy's general election on Sunday has so far resulted in a hung parliament, with the country's Euro skeptic Five Star Movement emerging as the single party with the most votes. The centre-right coalition headed by former Prime Minister Silvio Berlusconi is expected to gain between 248 and 268 seats and a 37% vote share, which is still short of a majority. Some 316 seats are needed to form a government.

  • Monday, March 5th 2018 - 09:00 UTC

    Hung parliament in Italy, according to election projections

    An RAI State TV projection from Sunday's election showed the center-right bloc in front, with 35.5%, and the center-left lagging at 23%.

    Election projections in Italy early Monday showed a center-right coalition that includes an anti-migrant party edging past the populist 5-Star Movement but no single bloc or party with the support to win a majority in Parliament. If confirmed by official results, the outcome could set the stage for weeks of political haggling to forge a new government.

  • Thursday, March 28th 2013 - 09:40 UTC

    “Only a mentally ill would want to govern Italy now” says frustrated Bersani

    Mr Bersani's Democratic Party narrowly won the elections last month

    The head of Italy's centre-left bloc has hit an impasse in his efforts to form a government and said only a mentally ill person would want to govern Italy now. Pier Luigi Bersani was rebuffed by the anti-establishment Five Star Movement on Wednesday.