Gavin's Feed
Mar 28, 2015

Thousands march through Rome against Renzi’s labor reform

ROME (Reuters) – Tens of thousands of workers marched through the center of Rome on Saturday against Prime Minister Matteo Renzi’s reform of the labor market, headed by a popular union chief who is seen by many as a possible future leader of Italy’s left.

The march was organized by Italy’s main engineering union, the FIOM, whose leader Maurizio Landini is trying to unite the fragmented political left into what he calls a “social coalition” against Renzi.

Mar 25, 2015

Italy Bribesville TV drama seeks to emulate Gomorra success

ROME (Reuters) – An Italian TV drama launched this week aims to emulate the success of last year’s acclaimed mafia series Gomorra by recounting the corruption scandals of the early 1990s that brought down an entire political class.

The series, called simply “1992″ after the year the so-called Bribesville scandals came to light in Milan, aims to tap into the recent boom in big budget TV series like Game of Thrones and House of Cards.

Mar 22, 2015

U.S. inflation, Greek tensions in focus

ROME (Reuters) – Markets still digesting an unexpectedly cautious message from the Federal Reserve will get more food for thought this week with U.S. inflation data and potentially rising risks of a Greek exit from the euro zone.

The massive monetary stimulus programs deployed by advanced economies are producing fierce foreign exchange swings and fuelling talk of a currency war.

Mar 22, 2015

Global Economy Weekahead: U.S. inflation, Greek tensions in focus

ROME (Reuters) – Markets still digesting an unexpectedly cautious message from the Federal Reserve will get more food for thought this week with U.S. inflation data and potentially rising risks of a Greek exit from the euro zone.

The massive monetary stimulus programmes deployed by advanced economies are producing fierce foreign exchange swings and fuelling talk of a currency war.

Mar 12, 2015

PM Renzi presents reform to boost Italy’s sub-standard schools

ROME (Reuters) – Prime Minister Matteo Renzi unveiled long-delayed education reforms on Thursday that he said would raise the quality of sub-standard schools which are often blamed for Italy’s weak economic performance

The wide-ranging bill aims to increase the powers of head-teachers in staff promotion and management, reduce class sizes and, from 2016, offer pay increases based on merit rather than just seniority.

Mar 3, 2015

Insight – Indiscriminate cuts threaten Italy’s healthcare successes

CROTONE, Italy (Reuters) – When an inter-city bus smashed into Giovannina Caprara’s car five years ago, she was fortunate to be admitted to coma rehabilitation clinic Istituto Sant’Anna, a rare world class medical institution in one of Europe’s poorest regions.

In future, others may not be so lucky.

Despite its excellence, Sant’Anna is struggling to maintain its services because of Italy’s decision to handle its public finance problems with indiscriminate, “linear” spending cuts that are being imposed across the board regardless of the quality of its medical care.

Mar 3, 2015

Indiscriminate cuts threaten Italy’s healthcare successes

CROTONE, Italy, March 3 (Reuters) – When an inter-city bus
smashed into Giovannina Caprara’s car five years ago, she was
fortunate to be admitted to coma rehabilitation clinic Istituto
Sant’Anna, a rare world class medical institution in one of
Europe’s poorest regions.

In future, others may not be so lucky.

Despite its excellence, Sant’Anna is struggling to maintain
its services because of Italy’s decision to handle its public
finance problems with indiscriminate, “linear” spending cuts
that are being imposed across the board regardless of the
quality of its medical care.

Feb 20, 2015

Italy approves key parts of Renzi’s new labor rules

ROME (Reuters) – Italian Prime Minister Matteo Renzi made important progress with his reform agenda on Friday when his cabinet gave final approval to key parts of his overhaul of labor market rules, which will now take immediate effect.

After a four hour meeting, cabinet approved the legislative decrees which ease firing restrictions for large private sector firms and aim to reduce the use of temporary contracts.

Feb 19, 2015

OECD raises Italy 2015 GDP forecast to 0.6 percent

ROME (Reuters) – The Italian economy will grow by 0.6 percent this year, the Organisation for Economic Cooperation and Development said on Thursday, raising its forecast from an earlier 0.2 percent prediction made in November.

The latest OECD projection for the euro zone’s third largest but most sluggish economy is in line with those of the International Monetary Fund, the Italian government and central bank.

Feb 13, 2015

Italy GDP stagnated in fourth-quarter 2014, held back by weak domestic demand

ROME (Reuters) – Italy’s economy stagnated at the end of last year, marking the 14th consecutive quarter without any growth as an increase in exports was offset by weak domestic demand, data showed on Friday.

Italy has been the euro zone’s most sluggish economy for over a decade and is widely forecast to continue to lag its peers, even though it is expected to see a return to modest growth this year for the first time since 2011.