ROME Italy is set to introduce a more punitive tax regime for banks, piling further pressure on a sector that is suffering due to a spike in the country's debt costs under a populist government.
ROME The Italian cabinet on Monday signed off on an expansionary 2019 budget, boosting welfare spending, cutting the retirement age and hiking the deficit to set up a showdown with authorities in Brussels over compliance with EU rules. | Video
ROME Italy's ruling coalition said on Wednesday it would not "backtrack" on plans to increase deficit spending, digging in against financial market and EU pressure and brushing off criticism from parliament's budgetary office.
ROME When a senior representative of Italy's ruling coalition met international investors over dinner last week he was asked at the end of the evening if he had any questions. He only had one: "What would you do if Tria goes?"
ROME Italy will do whatever is necessary to restore calm if market turbulence turns into a financial crisis, Economy Minister Giovanni Tria said on Tuesday, calling for more measured debate over government budget plans.
Rom. Die italienische Notenbank warnt angesichts der hohen Verschuldung des Landes vor einem Teufelskreis.
MILAN, Oct 5 Italy is considering widening a
state guarantee scheme that has helped banks offload a gross
36.5 billion euros ($42 billion) in bad debts, a government
document showed on Friday.
ROME The Italian government on Thursday dismissed concerns that the European Commission would reject its plan to raise deficit spending next year and signalled that it would not backtrack, even under market pressure.
ROME Italy is considering reducing tax benefits for the country's lenders as part of measures to fund next year's budget, a government source said on Thursday.