Gavin's Feed
Mar 20, 2013

Italian president seeks way out of political stalemate

ROME (Reuters) – Italian President Giorgio Napolitano completed a first day of consultations with political leaders on Wednesday to try to find a way of forming a government after the deadlocked election last month left no party with a majority in parliament.

Napolitano was due to meet the largest parties on Thursday.

Italy’s political stalemate and the prospect of months of uncertainty has created alarm across Europe just as the standoff over bank deposits in Cyprus reawakened fears that the euro zone debt crisis could flare up again.

Mar 18, 2013

Argentina’s Fernandez asks Pope to intervene over Falklands

ROME (Reuters) – Argentinian President Cristina Fernandez has asked Pope Francis to intervene in support of Buenos Aires in a dispute with Britain over the Falkland Islands in the South Atlantic, she said on Monday.

Fernandez had lunch with the former Buenos Aires Archbishop Jorge Bergoglio in the Vatican shortly after arriving in Rome to attend his inaugural papal mass on Tuesday.

Mar 14, 2013

Italy parliament convenes to seek way out of election gridlock

ROME (Reuters) – Italy’s parliament convenes on Friday almost three weeks after last month’s inconclusive election, with the parties still deadlocked over how to form a government in the euro zone’s third largest economy.

The first task of the 630 lower house deputies and 315 senators will be to elect the speakers of the two houses. The outcome of the votes for these influential roles could give an indication of the prospects for a stable administration.

Mar 12, 2013

Italy’s president raps Berlusconi party on judge attacks

ROME (Reuters) – Italian President Giorgio Napolitano on Tuesday stepped into the political and legal battle surrounding Silvio Berlusconi, criticizing the former prime minister’s party for a protest outside the Milan court where he is being tried.

Dozens of lawmakers from Berlusconi’s People of Freedom party (PDL) demonstrated on Monday outside and inside the courthouse where Berlusconi is fighting charges of paying for sex with an under-age prostitute.

Mar 12, 2013

ECB, global recovery behind markets’ mercy on Italy

ROME (Reuters) – Italy’s election produced the hung parliament investors said was the worst possible outcome, recession is deepening, debt is rising and its credit rating has just been downgraded.

So why do markets seem largely unconcerned?

Italy’s benchmark borrowing costs have edged up to around 4.6 percent from 4.5 before the election and the gap between safer German Bunds has risen to 3.1 percentage points from around 2.9 points.

Mar 12, 2013

Analysis: ECB, global recovery behind markets’ mercy on Italy

ROME (Reuters) – Italy’s election produced the hung parliament investors said was the worst possible outcome, recession is deepening, debt is rising and its credit rating has just been downgraded.

So why do markets seem largely unconcerned?

Italy’s benchmark borrowing costs have edged up to around 4.6 percent from 4.5 before the election and the gap between safer German Bunds has risen to 3.1 percentage points from around 2.9 points.

Mar 11, 2013

Italy and Greece confirm hostages killed in Nigeria

ROME/ATHENS (Reuters) – Seven foreign hostages kidnapped last month by a Nigerian Islamist group from a construction company compound have been killed, the Italian and Greek foreign ministries said on Sunday.

The al Qaeda-affiliated group Ansaru announced on Saturday that it had killed the hostages seized on February 7 in the northern state of Bauchi because of attempts by Nigerian and British forces to free them.

Mar 10, 2013

Grillo’s party to tell Italy president it can lead government

ROME (Reuters) – Beppe Grillo’s anti-establishment 5-Star Movement said on Sunday it wanted to lead Italy’s next government following last month’s inconclusive election and reiterated that it would not agree to an alliance with any other party.

The movement’s newly elected parliamentary leaders told reporters it would make this position clear to President Giorgio Napolitano when he begins consultations later this month on the formation of a government.

Mar 10, 2013

Italy center-left bickers after election disappointment

ROME (Reuters) – Italy’s center-left Democratic Party (PD), which threw away a 10 point lead in opinion polls ahead of last month’s election, showed growing internal division this weekend as it struggles to find support to form a coalition government.

On Saturday Matteo Renzi, the 38-year old mayor of Florence who is widely tipped to be the next PD leader, marked out his distance from the current hierarchy and drew an angry reaction from allies of party chief Pier Luigi Bersani.

Mar 10, 2013

Italy, Greece say hostages in Nigeria were killed

ROME/ATHENS (Reuters) – Seven foreign hostages kidnapped last month by a Nigerian Islamist group from a construction firm compound have been killed, the Italian and Greek Foreign Ministries said on Sunday.

Al Qaeda-affiliated group Ansaru said on Saturday it had killed the hostages seized on February 7 in the northern state of Bauchi because of attempts by Nigerian and British forces to free them.