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Gavin Jones

Italy central bank slashes 2019 GDP growth forecast

18 Jan 2019

ROME, Jan 18 The Italian economy will grow just 0.6 percent this year, the Bank of Italy said on Friday, slashing a projection of 1.0 percent made a month ago due to trade tensions and a weaker investment outlook.

Italy government approves flagship welfare reforms

17 Jan 2019

ROME The Italian government on Thursday approved flagship reforms of the welfare and pension system, election pledges of the anti-establishment 5-Star Movement and the right-wing League, which mark a major overhaul of the country's welfare state.

Italy government meets to approve flagship welfare reforms

17 Jan 2019

* "Citizens' income" is main policy pledge of 5-Star Movement

Italian parliament passes budget in confidence vote, after EU deal

29 Dec 2018

ROME The Italian parliament on Saturday passed the government's 2019 budget just ahead of an end-year deadline, following last week's deal with the European Commission which calmed financial markets and averted a risk of fines against Rome. | Video

Italy PM defends budget as tempers fray in parliament

28 Dec 2018

ROME Italian Prime Minister Giuseppe Conte on Friday vigorously defended the government's 2019 budget as parliament held an acrimonious debate on the package, which needs to be approved by the end of the year to take effect on Jan. 1.

Italy parliament approves corruption crackdown in win for 5-Star

18 Dec 2018

ROME The Italian parliament on Tuesday approved a package of measures to crack down on public sector corruption and improve the efficiency of the justice system, two problems which have long dogged the euro zone's third largest economy.

Italy's lower deficit goal - a politically useful fudge

13 Dec 2018

ROME Italy's surprise decision to sharply cut its budget deficit goal does little to address the problems of its finances or a deeper debate over EU fiscal rules, but may serve the real purpose of easing market pressure and playing for time.

Italy's Salvini changes tack on EU in bid for centre ground

12 Dec 2018

ROME Right-wing firebrand Matteo Salvini is softening his eurosceptic policies in a bid to capture the middle ground of Italian politics and eventually take centre-stage in Europe, even if it means disappointing his more radical supporters.

Italy's League resisting large cut to 2019 deficit goal: sources

06 Dec 2018

ROME Italy's ruling League party will accept only a minor reduction to next year's budget deficit target, senior party sources said on Thursday, conceding little to Brussels, which says the plan breaks European Union public finance rules.

Italian PM upbeat on EU deal prospects ahead of budget votes

02 Dec 2018

ROME The Italian parliament begins voting this week on the government's contested 2019 budget, with Prime Minister Giuseppe Conte optimistic that a deal can be agreed with the European Commission.

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