ATHENS (Reuters) – Greece’s leftist government faced a barrage of warnings on Wednesday that it risked being forced out of the euro zone and left without support if it failed to strike a swift aid-for-reforms deal with its creditors.
The Bank of Greece said the country’s future in the European Union itself could also be at risk without a deal, underlining the extent to which officials who once refused any suggestion of “Grexit” are now openly discussing the prospect.
ATHENS (Reuters) – The Greek central bank warned on Wednesday that the country risks a painful exit from the euro and ultimately even the European Union if Athens and its creditors do not strike a swift aid-for-reforms deal.
The warning, contained in a regular monetary policy report from the central bank, underlined the extent to which officials who once refused any suggestion of “Grexit” are now openly discussing it and setting off the alarm bells.
ROME (Reuters) – Italian Prime Minister Matteo Renzi called for a change to European asylum rules on Sunday as neighboring states tightened border controls, turning back African migrants and leaving hundreds stranded at the frontier in northern Italy.
In an interview with Milan’s Corriere della Sera daily, Renzi said that after toppling Libyan leader Muammar Gaddafi in 2011, the international community bore responsibility for the chaos in Libya that has opened the way for hundreds of thousands of migrants to cross by boat to southern Italy.
ROME (Reuters) – Italian police said they arrested 44 people on Thursday suspected of being part of a network of corrupt politicians, officials and business people in Rome accused of rigging public contracts to manage migrant reception centres.
The arrests follow the discovery of a vast system of corruption in the Rome city government last year — a case dubbed “Mafia Capital” which prompted the city hall to ask the national anti-corruption authority to investigate a list of suspect public contracts.
ROME (Reuters) – Italian Prime Minister Matteo Renzi’s ruling centre-left party promised on Monday to push on with its reform agenda after anti-establishment and euro-sceptic parties posted strong results in local elections.
Centre-left candidates backed by Renzi’s Democratic Party (PD) won five out of seven regions that voted on Sunday. But a fall in the overall vote and the loss of the key region of Liguria dented the unchallenged supremacy Renzi, 40, has held over Italian politics since becoming prime minister in Feb 2014.
ROME (Reuters) – Italian Prime Minister Matteo Renzi suffered a blow in local elections on Sunday, with worse-than-expected results from the center-left and a strong showing by the anti-establishment 5-Star Movement and right-wing Northern League.
With 22 million Italians eligible to vote in the biggest test for Renzi since last year’s European elections, initial projections showed center-left candidates well ahead in the central regions of Tuscany and Marche and the southern region of Puglia. Its candidate also led more narrowly in the Campania region around Naples.
ROME (Reuters) – The Italian parliament’s anti-mafia committee released the names of 17 local election candidates suspected of graft or organized crime links on Friday — an embarrassment for Prime Minister Matteo Renzi before local elections on Sunday.
The highest profile name was Vincenzo De Luca, the candidate for Renzi’s Democratic Party (PD) for president of the southern Campania region, who is accused of corruption and has a conviction for abuse of office.
ROME (Reuters) – Italian Prime Minister Matteo Renzi goes into elections this weekend hoping nascent signs of economic recovery after years of recession will outweigh a corruption scandal that has dogged one of the main candidates of his centre-left Democratic Party (PD).
Sunday’s ballots in seven regions and more than 1,000 municipalities, which follow a bruising series of parliamentary battles over Renzi’s reform agenda, will be his biggest test since a triumph in last year’s European elections.
The Vatican bank posted a sharp rise in net profit in 2014 after absorbing the costs of a clean up that hit earnings the year before as part of a wide-ranging drive to tighten financial governance and eliminate abuse, a statement showed on Monday.
ROME, May 25 (Reuters) – The Vatican bank posted a sharp
rise in net profit in 2014 after absorbing the costs of a clean
up that hit earnings the year before as part of a wide-ranging
drive to tighten financial governance and eliminate abuse, a
statement showed on Monday.
The bank, formally known as the Institute for Religious
Works (IOR), has toughened regulatory standards and closed
thousands of accounts, which were either inactive or deemed not
to meet new standards required of clients.