ROME (Reuters) – Italian Prime Minister Matteo Renzi won the most important parliamentary confidence vote of his eight-month-old government early on Thursday on a labor reform proposal he hopes will boost his EU credentials.
Renzi won the vote in the upper house Senate 165-111. He would have had to step down if he had lost. The vote, expected in the afternoon, was delayed late into the night after a day of raucous stonewalling by opposition parties. The legislation now goes to the lower house Chamber of Deputies.
ROME (Reuters) – Italian Prime Minister Matteo Renzi faces the most important parliamentary confidence vote of his eight-month-old government on Wednesday, asking coalition partners to back labor reforms in a move he hopes will boost his EU credentials.
The vote, which Renzi is expected to win, will be held in the upper house Senate in the late afternoon. He would have to step down if he loses.
ROME (Reuters) – Italian Prime Minister Matteo Renzi said on Tuesday he expected rebels from his Democratic Party (PD) would swing behind him in a confidence vote over contested labor reform plans that he has to win to remain in power.
The 39-year-old former mayor of Florence has staked his political credibility on the so-called Jobs Act, which he says is vital to helping Italy cut record unemployment and enable its chronically stagnant economy to emerge from recession.
ROME (Reuters) – The Italian government is to call a confidence vote on Prime Minister Matteo Renzi’s labor reform plans, sources said on Monday, angering leftist members of his Democratic Party who are against moves to ease restrictions on firing workers.
Renzi wants to cut the number of short-term contracts, boost the role of employment agencies and extend jobless benefits but he faces resistance from trade unions and a minority of Democratic Party (PD) lawmakers to reducing job protection for workers in large firms.
ROME (Reuters) – Italian Prime Minister Matteo Renzi prepared for a showdown with the old guard of his center-left Democratic Party on Monday over plans to overhaul job-protection guarantees as part of a broad reform of labor market rules.
Under mounting pressure to deliver on his ambitious reform promises, Renzi told Democratic Party leaders that the party had to overcome a “taboo” against changing rules that date from 1970 during Italy’s postwar economic boom.
ROME (Reuters) – Prime Minister Matteo Renzi’s promised overhaul of Italian labour law began to take shape on Wednesday with proposals for more flexible job protection rules to encourage companies to take on more workers.
In an amendment tabled in the Senate, the government proposed a sliding scale of job security that would allow employers to lay off new hires relatively easily, but would increase guarantees the longer a worker remained in a job.
ROME, Sept 16 (Reuters) – Italy’s economy will shrink in
2014 for a third year running, while the public debt will
continue to rise, employers’ association Confindustria said on
Gross domestic product will fall this year by 0.4 percent
following declines of 1.9 percent in 2013 and 2.4 percent in
2012, Confindustria said, slashing its previous forecast for
growth of 0.2 percent, made in June.
ROME, Sept 9 (Reuters) – Italian Prime Minister Matteo Renzi
said on Tuesday that the country’s economic growth would be
about “zero” this year, a sign the euro zone’s third-biggest
economy is struggling to climb out of its third recession in six
Renzi’s forecast is far lower than the government’s
previous prediction for a 0.8 percent increase. Renzi also
signalled that Spending Review Commissioner Carlo Cottarelli
would likely be leaving his post soon.
ROME, June 26 (Reuters) – Italy’s employers’ association
Confindustria on Thursday slashed its growth forecast for this
year and urged Prime Minister Matteo Renzi to act quickly to
turn around the euro zone’s third-biggest economy.
Confindustria said the economy would expand 0.2 percent, a
half percentage point lower than its 0.7 percent December
forecast and far below the government’s 0.8 percent target.
MILAN, June 15 (Reuters) – UniCredit’s online bank
Fineco and state-owned shipmaker Fincantieri launch their
initial public offerings (IPO) on Monday, adding to the list of
Italian firms seeking to tap investors’ growing confidence in
Europe’s economic recovery.
The two IPOs are together worth up to 1.5 billion euros ($2
billion) before the possible exercise of over-allotment options
that could increase the sum raised.