James's Feed
Jun 24, 2014

Italy’s Renzi calls for Europe to change course on austerity

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.

Jun 18, 2014

Buoyed by EU vote, Italy’s Renzi seeks change in Brussels

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.

Jun 17, 2014

Italy ties support for Juncker to EU growth agenda

BRUSSELS/ROME June 17 (Reuters) – The European Union,
supported by Germany, is working to meet an Italian demand to
shift focus from austerity towards growth, in a deal that could
help cement Jean-Claude Juncker as the next European Commission
president.

Italy’s priority is to stimulate weak economic growth,
without which it has little chance of reducing its public debt
of more than 130 percent of GDP.

Jun 17, 2014

EU working on plan to meet Italy’s growth agenda

BRUSSELS/ROME June 17 (Reuters) – The European Union,
supported by Germany, is working to meet an Italian demand to
shift focus from austerity towards growth, in a deal that could
help cement Jean-Claude Juncker as the next European Commission
president.

Italy’s priority is to stimulate weak economic growth,
without which it has little chance of reducing its public debt
of more than 130 percent of GDP.

Jun 11, 2014

Gritty Naples mafia series aims to join international TV boom

ROME (Reuters) – Crime dramas often strive for gritty realism but few have had as timely an echo in the real world as the Italian TV series “Gomorra”, inspired by Roberto Saviano’s bestselling 2006 account of the Naples underworld.

The show, which ended its first run on Tuesday night, recalls U.S. series like “The Wire” or “The Sopranos” in its unrelenting portrait of violence, corruption and drugs in the crumbling high-rise tenements around Naples.

Jun 9, 2014

Grillo boosted by local elections in Italy but Renzi party holds

ROME (Reuters) – Beppe Grillo’s 5-Star Movement won control of one of the historic strongholds of the Italian left in local elections at the weekend, although Prime Minister Matteo Renzi’s center-left Democratic Party (PD) stayed Italy’s strongest political force.

The 5-Star Movement’s candidate Filippo Nogarin became mayor of Livorno, the Tuscan city where the Italian Communist Party was founded in 1921 and which the left had held virtually unchallenged since World War Two. The party also won Civitavecchia near Rome.

Jun 3, 2014

Italy’s economy minister warns against “sterile” austerity debate

ROME, June 3 (Reuters) – Europe risks being trapped in a
“sterile” debate over austerity unless it takes a broader view
that balances the need for sound public finances with reform,
Italian Economy Minister Pier Carlo Padoan said on Tuesday.

Italy, which assumes the rotating presidency of the European
Union in July, has long sought to shift the policy debate in
Europe away from budget rigour and towards measures to boost
economic growth and create jobs.

May 30, 2014

Drop in Italian, Spanish inflation feeds euro zone deflation worries

MADRID/ROME, May 30 (Reuters) – Annual consumer inflation
slowed in Italy and Spain in May, heightening concerns about
deflation risk in the euro zone as the bloc’s central bank gears
up for an expected growth-boosting shift in monetary policy next
week.

Italy’s EU-harmonised inflation rate eased to a
weaker-than-expected 0.4 percent year-on-year from 0.5 percent
in April, statistics office ISTAT said in Rome.

May 26, 2014

Renzi’s triumph in EU vote gives mandate for Italian reform

ROME (Reuters) – Strengthened by a landslide victory in Sunday’s European election, Italian Prime Minister Matteo Renzi has a clear mandate to push economic and institutional reforms in Rome and promote his pro-growth agenda in Brussels.

More than 40.8 percent of Italy’s 27.3 million voters cast ballots for the center-left Democratic Party, almost double the 21.2 percent who chose the anti-establishment 5-Star Movement, the second-biggest party, according to official figures.

May 26, 2014

Italy’s Renzi triumphs in EU vote as Grillo loses ground

ROME (Reuters) – Italian Prime Minister Matteo Renzi was on course for a sweeping victory in Sunday’s European election with voter projections giving his center-left Democratic Party (PD) a huge lead over the anti-establishment 5-Star Movement of ex-comic Beppe Grillo.

With more than half the vote counted, a projection by IPR Marketing for RAI state television put the PD on 41.2 percent, well ahead of the 5-Star Movement on 21.4 percent with former Prime Minister Silvio Berlusconi’s Forza Italia party on 16.6 percent.