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MercoPress, en Español

Montevideo, November 25th 2024 - 01:10 UTC

Tag: Italy economy

  • Tuesday, May 29th 2018 - 08:11 UTC

    Italy's Mattarella appoints ex IMF interim prime minister and quells the situation... for now

    President Sergio Mattarella vetoed the parties' choice of a euro skeptic as economy minister, prompting populist parties to accuse the president of betraying voters

    Italy's president set the country on a path back to fresh elections on Monday, appointing a former International Monetary Fund official as interim prime minister with the task of planning for snap polls and to pass the next budget. The decision to appoint Carlo Cottarelli to form a stopgap administration sets the stage for elections that are likely to be fought over Italy's role in the European Union and the euro zone, a prospect that is rattling global financial markets.

  • Friday, December 2nd 2016 - 08:43 UTC

    Italy's referendum could knock out Rienzi and unleash a financial volcano

    There are real concerns that a defeat for Mr Renzi's proposals could unleash a chain of events that would set back the country's economy once again.

    The focus of the news from Italy this weekend will be political: there's a referendum on constitutional reform and the Prime Minister, Matteo Renzi, has said he will resign if the proposals are rejected. This could be followed by new elections which could in turn benefit the Five Star Movement, an anti-Euro group led by the former comedian Beppe Grillo.

  • Monday, September 1st 2014 - 11:06 UTC

    Several 'plagues' hit Italy: recession, deflation, job losses and little hope ahead

    The number of unemployed in Italy rose 2.2% or by 69,000 in July to 3.22 million, which is 4.6% up on July 2013

    The Italian economy contracted by 0.2% in the second quarter of 2014, Istat said Friday, confirming the continuation of the country's longest postwar recession. GDP was down 0.1% in the first quarter, it added. Likewise deflation hit Italy in August for the first time in more than 50 years, while unemployment rose again in July by 0.3% over June to 12.6%.