Tag: Mario Monti

• Wednesday, July 11th 2012 - 22:23 UTC

  Italy’s caretaker PM Monti says next year’s election can be looked at “with serenity”

  

  Italy's technocrat Prime Minister Mario Monti, appointed last year to steer his country through a debt crisis, said he was confident a stable government would be formed after elections in 2013, playing down fears of deadlock after he steps down.

• Saturday, June 30th 2012 - 05:25 UTC

  Relief in EU: German parliament approved Euro rescue fund and fiscal pact

  

  As expected, more than two-thirds of the lawmakers in Germany's parliament moved on Friday to approve the permanent Euro rescue fund, the European Stability Mechanism, and a fiscal pact long championed by Chancellor Angela Merkel.

• Friday, June 22nd 2012 - 07:39 UTC

  Political deal in Germany on the ESM; mini summit in Rome to rescue Spain

  

  The German government and opposition reached on Thursday a deal that will allow parliament to approve the European Stability Mechanism, ESM, next week, but Germany's top court may delay the rescue fund's start date, saying it needed time to study the treaty.

• Monday, June 18th 2012 - 03:24 UTC

  Brussels willing to soften austerity measures for the Greek pro-bail out government

  

  European governments signaled a willingness to relent on Greece’s austerity measures as leaders turn from an election victory by Greek bailout proponents to focus on safeguarding the other 98% of the Euro economy

• Friday, June 1st 2012 - 02:16 UTC

  Italy hugely exposed to the Euro-debt turmoil and to Spanish contagion

  

  Italy is hugely exposed to the risk of contagion from the debt turmoil in the euro zone, said Prime Minister Mario Monti, suggesting the European Central Bank take action to help cool borrowing costs.

• Wednesday, May 23rd 2012 - 18:38 UTC

  Euro-zone tells members to prepare contingency plans for a possible Greek exit

  

  Euro zone officials have told members of the currency area to prepare contingency plans in case Greece quits the bloc, an eventuality which Germany's central bank said would be testing but “manageable”.

• Wednesday, April 18th 2012 - 22:56 UTC

  EC and Italy call on Argentina to fulfil its international commitments

  

  European Commission Vice President Antonio Tajani addressed Argentina's plan to expropriate 51% of the 57.43% share-package Spanish ran Oil Company Repsol owns, during a speech at the European Parliament on Wednesday. From Rome Italy also voiced its concern with events regarding YPF and trade restrictions.

• Sunday, March 25th 2012 - 10:32 UTC

  Italy fears about Spain; Madrid says: ‘total nonsense to make comparisons with Greece”

  

  Italian Prime Minister Mario Monti expressed concern about Spain's public finances and said it would not take much to reignite the Euro zone debt crisis and revive the risk of it spreading to Italy.

• Tuesday, March 13th 2012 - 00:56 UTC

  Italy in recession; Greece receives bail out; Spain the new challenge

  

  Italy is in recession, final data confirmed Monday. Italy's economy shrank 0.7% in the fourth quarter of 2011, following a 0.2% decline in GDP in the third quarter.

• Saturday, January 21st 2012 - 05:36 UTC

  Italian cabinet approves legislation to deregulate services and professions

  

  Italy's cabinet on Friday approved legislation to deregulate service sectors and professions in an effort to increase competition, cut costs to consumers and boost chronically weak growth in the Euro zone's third largest economy.