Tag: Italy

Monday, September 1st 2014 - 11:06 UTC
Several 'plagues' hit Italy: recession, deflation, job losses and little hope ahead

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%.
Thursday, August 7th 2014 - 06:32 UTC
Mercosur trade deal is a priority for the EU under Italian presidency

Foreign minister Federica Mogherini pledged that under the current Italian presidency of the European Union, top priority will be given to signing the pending trade agreements, among which that with Mercosur still under discussion.
Friday, June 6th 2014 - 08:02 UTC
Italy planning to boost economy by including shadow economy as part of GDP

Drugs, prostitution and arms smuggling may not be legal, but it's all real economic activity, at least in Italy, which will now include illegal enterprises as part of its gross domestic product (a measure of the goods and services a nation produces). Italy has decided to boost the size of its economy by including the value of black market activities.
Monday, May 19th 2014 - 08:57 UTC
Berlusconi claims he was forced out of office by a 'plot', according to Geithner's book

Former Italian Prime Minister Silvio Berlusconi says he was forced out of office as a result of a “plot” by European Union officials. Berlusconi made the remarks last week following the publication of a book authored by former US Treasury Secretary Timothy Geithner.
Saturday, April 5th 2014 - 00:52 UTC
Prince Harry will be visiting Chile and Brazil next June

Prince Harry will undertake two official overseas visits in May and June this year. He will visit Estonia and Italy in May, followed by a visit to Brazil and Chile in June. Both visits are in support of the UK Government and are being organized by the Foreign and Commonwealth Office.
Friday, April 4th 2014 - 02:15 UTC
Queen and Pope talked of the “shared roots of Christian faith”, says Vatican radio

The head of the Anglican Church Queen Elizabeth II met Pope Francis on Thursday for the first time during a one-day visit to the Italian capital, Rome. The meeting in the Vatican was described as a private one and pomp and protocol were kept to a minimum. Earlier, the Queen and Prince Philip had lunch with the Italian President, Giorgio Napolitano, and his wife Clio at the Quirinal Palace.
Monday, February 24th 2014 - 06:45 UTC
Italy experiments with a new prime minister and 16-member cabinet

Center-left leader Matteo Renzi took office on Saturday as Italy's youngest prime minister, facing pressure to show immediate results after he forced out his predecessor over the slow pace of economic reforms.
Wednesday, February 19th 2014 - 23:15 UTC
Italian prime minister designate expects a parliament confidence vote on Monday

Italian Prime Minister-designate Matteo Renzi said he expected his new government to be in place in time for a formal vote of confidence in parliament on Monday, after he wrapped up consultations with the main political parties.
Monday, February 17th 2014 - 09:27 UTC
Italy expected to have a new centre-left government with maverick mayor Renzi

Italian President Giorgio Napolitano summoned Matteo Renzi to a meeting on Monday at which he is expected to ask the centre-left leader to form a government that must overhaul one of the most troubled economies in the Euro zone.
Wednesday, February 5th 2014 - 22:59 UTC
US, the world's largest producer of oil approves licenses to export crude to Europe

The United States government has approved at least four licenses to export crude oil to Europe, for the first time in years, showing how companies are breaking through the limits of the export ban established in the 1970s, according to Reuters which learned about the fact from a Freedom of Information Act request.