Gavin's Feed
Aug 31, 2014

Mogherini must win over doubters as EU foreign policy chief

ROME, Aug 31 (Reuters) – Federica Mogherini must show she
has the experience and clout to succeed as the European Union’s
new foreign policy chief, just as her predecessor had to
overcome a reputation as a diplomatic lightweight.

The 41-year-old career politician, who became Italian
foreign minister only in February, has been seen throughout her
career as a politician who prefers to skirt controversy rather
than take tough policy stands.

Aug 29, 2014

Italy’s Renzi tries new reform plan as economy sinks

ROME, Aug 29 (Reuters) – Prime Minister Matteo Renzi on
Friday presented a plan to quicken the pace of Italian justice
and break down bureaucratic obstacles to investment as fresh
data pointed to a further deterioration in Italy’s recession
bound economy.

The 39-year-old prime minister, due to attend a European
Union summit in Brussels on Saturday, needs to restore
international confidence in Italy and show he can make good on
repeated pledges to revive growth and turn ambitious reform
promises into concrete results.

Aug 28, 2014

Italy’s Renzi aims to lay down marker with justice, school reform

ROME (Reuters) – Prime Minister Matteo Renzi returned from holiday this week with his customary vim, tweeting that he was back at work on a new plan to speed up Italy’s sluggish justice system, reform its schools and spur investment.

With Italy in recession for the third time in six years, Renzi badly needs to restore waning international confidence and show that he can finally come good on his repeated pledges to revive the eurozone’s third-largest economy.

Aug 27, 2014

Italy says will cut growth forecast, consumer morale falls

ROME, Aug 27 (Reuters) – Italy admitted on Wednesday its
hopes for a sustained recovery from recession had been too high
and called for a joint European solution to stubbornly low
growth, as new data compounded the economic problems of Prime
Minister Matteo Renzi.

Economy Minister Pier Carlo Padoan said Italy must cut its
official growth forecasts and called for a “European vision” for
reforms. The Italian economy fell back into recession in the
second quarter.

Aug 25, 2014

Italy finds six more dead migrants, adding to weekend death toll

ROME, Aug 25 (Reuters) – Italy’s search and rescue services
have found six more bodies in the Mediterranean to add to the
death toll of 19 over the weekend, the navy said on Monday, with
no let-up in the record numbers risking the perilous crossing to
Europe from Africa.

The navy said it had rescued almost 4,000 migrants over the
weekend and Italian vessels were continuing to look for victims
of a boat which capsized north of the Libyan coast on Sunday
evening.

Aug 24, 2014

Europe fears deflation as Ukraine stays centre-stage

ROME, Aug 24 (Reuters) – The euro zone’s growing fears of
deflation will be stirred again on Friday when preliminary
consumer price data for August is issued, with signs the
European Central Bank could be looking at bolder steps to help
the region’s stagnant economy.

Analyst polled by Reuters forecast the annual inflation rate
to slip to 0.3 percent from 0.4 percent in July, falling even
further below the ECB’s target of below but close to 2 percent
and mired deep in what the bank calls the “danger zone”.

Aug 15, 2014

Italy says two boat migrants die, 1,500 saved as total passes 100,000

ROME, Aug 15 (Reuters) – Two boat migrants died among almost
1,500 rescued by Italy in the last 24 hours, authorities said on
Friday as the total number reaching Italian shores this year
passed 100,000.

Italy’s interior minister said it was “proud to be saving
lives” of migrants who have been streaming out of North Africa
in rickety boats in increasing numbers for years and without its
efforts the Mediterranean would have become a “lake of death”.

Aug 8, 2014

Italy approves economic package amid scepticism, recession

ROME (Reuters) – Italy has pushed through a package of support measures for the economy that offers some help to businesses, but pressure is rising on Prime Minister Matteo Renzi to take more significant steps to pull the country out of recession.

Among the more significant measures in the package, approved by parliament late on Thursday, are a reduction in energy costs for small and medium-sized companies, a tax credit for firms that make new investments in machinery and new rules allowing insurers and credit funds to lend directly to business.

Aug 7, 2014

Italian PM Renzi defies critics as recession returns

ROME (Reuters) – Italian Prime Minister Matteo Renzi insisted on Thursday that Italy’s economic strategy was sound and would lift the country out of crisis, after the euro zone’s third-biggest economy unexpectedly fell back into recession in the second quarter.

In a lengthy interview broadcast on La7 television, Renzi said that his government, which took office in February, was determined to get the economy back on track in due course.

Jul 6, 2014

Italian minister delays goal of repaying commercial debts

ROME, July 6 (Reuters) – Italy will settle the debt arrears
it owes to private sector suppliers by the end of this year,
Economy Minister Pier Carlo Padoan said in a newspaper interview
on Sunday, pushing back previous commitments.

The Italian state owes some 75 billion euros ($102
billion)to private suppliers, according to the most recent data
from the Bank of Italy. The unpaid bills have starved companies
of cash and triggered layoffs, factory closures and
bankruptcies.