ROME (Reuters) – Italy slid into recession for the third time since 2008 in the second quarter, underlining the chronic weakness of the euro zone’s No.3 economy and pressuring Prime Minister Matteo Renzi to complete promised reforms.
Figures on Wednesday from statistics agency ISTAT showed gross domestic product unexpectedly declined by 0.2 percent in April-June from the previous three months. A Reuters poll of economists had forecast growth of 0.2 percent.
ROME (Reuters) – L’Unita, the left-wing daily founded by Antonio Gramsci, one of the fathers of Italian communism, will suspend publication from Friday after its shareholders failed to reach agreement on future strategy, the newspaper said.
“They have killed L’Unita,” the paper headlined its front page on Wednesday. Apart from three pages devoted to the closure and a one-page advertisement for its e-bookstore, the remainder of the 20-page edition was left blank.
Pope Francis called for nature to be protected from criminal abuse on Saturday during a visit in the southern Italian town of Caserta, near Naples, in a region long blighted by illegal toxic waste dumps and the pervasive grip of the Camorra mafia.
ROME (Reuters) – Pope Francis called for nature to be protected from criminal abuse on Saturday during a visit in the southern Italian town of Caserta, near Naples, in a region long blighted by illegal toxic waste dumps and the pervasive grip of the Camorra mafia.
During a televised open air mass before around 200,000 people, Francis said that the love of God meant respecting life, the environment and nature.
ROME, July 18 (Reuters) – The Bank of Italy on Friday cut
its estimate for 2014 growth to just 0.2 percent and warned that
there was significant uncertainty about the outlook for the euro
zone’s third-largest economy.
In its latest quarterly bulletin, the central bank said it
expected gross domestic product in the second quarter to be
“approximately stationary” after it contracted by 0.1 percent in
the first three months of the year.
ROME (Reuters) – A Roman Catholic Church tribunal ordered a Polish archbishop accused of child sex abuse in the Dominican Republic to be defrocked, pending possible further criminal proceedings, the Vatican said on Friday.
The Vatican’s Congregation for the Doctrine of the Faith ordered Jozef Wesolowski, a former Vatican nuncio or ambassador to the Caribbean nation, to be stripped of the priesthood, an extremely rare step against such a senior Church official.
Roman Catholic Church authorities have ordered a Polish archbishop accused of sexual abuse in the Dominican Republic to be defrocked as a priest pending further criminal proceedings, the Vatican said on Friday.
ROME/BERLIN (Reuters) – Italy and Germany are using the same words ahead of this week’s European Union summit as debate heats up on whether economic policy should focus on budget austerity or stimulating growth, but they do not necessarily mean the same thing.
Italian Prime Minister Matteo Renzi, buoyed by success in last month’s EU elections, has led calls for a new direction, saying battered southern economies can take no more of the medicine that has crushed growth and sent unemployment soaring.
ROME (Reuters) – Italian Prime Minister Matteo Renzi called on Tuesday for a change of course in Europe, saying that austerity policies on their own could not guarantee fiscal stability in the face of rising unemployment and economic stagnation.
Speaking in parliament ahead of this week’s European Union summit, Renzi said Italy was not asking for a relaxation of EU budget rules but for existing rules to be flexibly applied in exchange for commitment to a package of domestic structural reforms that Italy would achieve by 2017.
ROME (Reuters) – It has been a long time since an Italian leader went to Brussels with as strong a hand as the one held by Prime Minister Matteo Renzi, whose triumph in last month’s European elections left him with a big say on who should head the EU Commission.
Winning the biggest victory for any Italian government since the 1950s four months after deposing his cautious predecessor Enrico Letta in a party coup, Renzi was one of the few leaders in Europe to defy the rise of eurosceptic parties and emerge stronger from the vote on May 25.