Gavin's Feed
Apr 9, 2014

Italy’s Renzi under fire over budget plan as EU prepares verdict

ROME, April 9 (Reuters) – Italian Prime Minister Matteo
Renzi defended his fiscal reform plans on Wednesday against
critics inside and outside his Democratic Party as the European
Commission reminded Italy of its commitment to balance its
budget.

Renzi, who outlined his government’s Economic and Financial
Document (DEF) late on Tuesday, was criticised for failing to
provide detail on promised spending cuts and for using one-off
revenues to help finance plans for permanent tax cuts.

Apr 8, 2014

Italy vows rigour in strategy to change EU fiscal rules

ROME, April 8 (Reuters) – Italy’s new government on Tuesday
gave its clearest indication yet that it plans to push for an
easing of European Union fiscal rules after convincing its EU
partners that Rome will keep a lid on public finances and reform
the stagnant economy.

Presenting revised macro-economic targets that they
characterised as showing fiscal rigour, Prime Minister Matteo
Renzi and Economy Minister Pier Carlo Padoan said Italy would
make a review of the EU’s budget rules an objective of its
six-month European Union presidency, which begins in July.

Apr 7, 2014

Italy to present new economic, public finance goals on Tuesday

ROME (Reuters) – Italy will set new targets for the economy and public finances on Tuesday when the cabinet approves a multi-year plan for presentation to the European Commission, the prime minister’s office said.

Premier Matteo Renzi said last week that the Financial and Economic Document (DEF) will cut this year’s economic growth forecast to 0.8 or 0.9 percent, from the 1.1 percent projection made by the previous government of Enrico Letta.

Mar 18, 2014

Italy high court confirms Berlusconi ban from public office

ROME (Reuters) – Italy’s highest appeals court on Tuesday confirmed a two-year ban from public office for centre-right leader and former Prime Minister Silvio Berlusconi over a conviction for tax fraud.

Berlusconi’s lawyer Niccolo Ghedini said he was “extremely disappointed” by the ruling of the Court of Cassation, which diminishes Berlusconi’s hopes of running as a candidate in elections for the European Parliament in May.

Mar 13, 2014

Italy’s fiscal boost faces tough questions from EU and ECB

ROME, March 13 (Reuters) – Italian Prime Minister Matteo
Renzi could struggle to convince the European Union that his
ambitious tax cuts and spending commitments will not threaten
pledges to sort out public finances.

On Wednesday, the 39-year-old former mayor of Florence
announced income tax would be cut by 10 billion euros ($14
billion) annually for 10 million low- and middle-income workers
from May 1 to try to stimulate a chronically sluggish economy.

Mar 12, 2014

Italy presents sweeping tax cuts, plans to raise deficit goal

ROME (Reuters) – Italian Prime Minister Matteo Renzi on Wednesday presented a sweeping package of tax cuts, saying they could help economic recovery without breaking EU budget deficit limits.

Renzi, in his first full news conference since taking office last month, said income tax would be reduced by a total 10 billion euros ($14 billion) annually for 10 million low and middle income workers from May 1.

Mar 6, 2014

Italy’s 5-Star loses more senators as internal dissent mounts

ROME (Reuters) – Italy’s anti-establishment 5-Star Movement on Thursday lost five more senators who were critical of its leader Beppe Grillo in the latest sign of growing internal strife in the party that took a quarter of votes at last year’s election.

Grillo announced on his blog that the five senators were “out of the movement” having handed in their resignations to senate president Piero Grasso.

Mar 6, 2014

Soccer-Cagliari take stand against homophobia in Italian soccer

ROME, March 6 (Reuters) – Serie A team Cagliari, led by midfielder Daniele Dessena, are taking on entrenched homophobia in Italian soccer by wearing rainbow coloured laces in their boots to express solidarity with gay people.

Dessena, a former Italian under-21 international, joined a campaign promoted by gay rights groups and Irish bookmaker Paddy Power when he donned the multi-coloured laces at Milan’s San Siro stadium against Inter on Feb. 23.

Feb 28, 2014

Italy approves decree to stave off bankruptcy for Rome council

ROME, Feb 28 (Reuters) – Matteo Renzi’s new Italian
government on Friday approved an emergency decree to bail out
Rome city council whose mayor had warned the capital would have
to halt essential services unless it got financial help.

The decree transfers around 500 million euros ($680 million)
to the city to pay the salaries of municipal workers and ensure
services such as public transport and garbage collection.

Feb 26, 2014

Italy’s 5-Star expels four senators as internal dissent grows

ROME (Reuters) – Italy’s anti-establishment 5-Star Movement on Wednesday kicked out four senators for criticizing its leader Beppe Grillo, in the latest sign of growing internal strife in the party that took a quarter of votes at last year’s election.

Polls suggest 5-Star has kept most of its support despite a trickle of defections or expulsions of lawmakers unhappy with Grillo, a fiery comedian who rode a wave of public disgust with traditional parties to create a powerful political force.