Gavin's Feed
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.

Feb 8, 2015

Greek finance minister says euro will collapse if Greece exits

ROME, Feb 8 (Reuters) – If Greece is forced out of the euro
zone, other countries will inevitably follow and the currency
bloc will collapse, Greek Finance Minister Yanis Varoufakis said
on Sunday, in comments which drew a rebuke from Italy.

Greece’s new leftist government is trying to re-negotiate
its debt repayments and has begun to roll back austerity
policies agreed with its international creditors.

Feb 4, 2015

Italy’s Berlusconi declares end of reform pact with Renzi

ROME, Feb 4 (Reuters) – Italian Prime Minister Matteo Renzi
lost an important ally on Wednesday when Silvio Berlusconi’s
centre-right Forza Italia party said it had ended its pact with
him on institutional and constitutional reforms.

Changing voting rules to ensure a clear winner at elections
and more stable government have been a priority for Renzi since
he became leader of the ruling Democratic Party (PD) in 2013. He
also wants to abolish the Senate as an elected chamber to make
lawmaking less cumbersome.

Jan 29, 2015

Italy fails to elect president in first round of voting

ROME (Reuters) – Italian lawmakers failed to elect a new president in a first round of voting on Thursday, leaving Prime Minister Matteo Renzi hoping to push through his candidate only in a fourth round when the required threshold of votes is lower.

Renzi proposed constitutional court judge Sergio Mattarella, 73, to be head of state, a move which angered opposition rival Silvio Berlusconi and may strain the two men’s alliance over electoral and constitutional reforms.