ROME (Reuters) – European Central Bank President Mario Draghi departed from a prepared speech on Monday to reiterate the central bank’s readiness to cut interest rates again if the euro zone economy deteriorates further.
The euro hit session lows against the dollar and the yen after Draghi said in Rome the ECB would monitor incoming data closely and would be ready to cut rates further, including the deposit rate currently at zero.
ROME (Reuters) – Italy’s new prime minister Enrico Letta won French backing on Wednesday for calls to spur economic growth alongside budget rigor, but problems lay closer to home with coalition partners demanding tax cuts that would blow a hole in the budget.
Letta, who took his message to Berlin on Tuesday, met French President Francois Hollande and said he was “100 percent satisfied” with the meeting and Hollande’s response to his calls for Europe to start focusing on growth as well as consolidation.
ROME (Reuters) – Italy’s new prime minister, Enrico Letta, is preaching an end to austerity while pledging to meet European Union debt targets and his fledgling coalition is already at odds over how to pay for cuts to an unpopular housing tax.
Letta, who took his message to Berlin on Tuesday, is due to meet French President Francois Hollande later on Wednesday where he can expect a favorable hearing for his calls for Europe to start focusing on economic growth as well as budget rigor.
ROME, April 29 (Reuters) – Italy’s new Prime Minister Enrico
Letta promised to press for a change to the European Union’s
focus on austerity and pursue economic growth and jobs as his
government sought backing from parliament on Monday, ending
months of political gridlock.
Speaking ahead of a confidence vote in the lower house,
Letta said Italy could not afford to focus simply on trying to
cut its huge public debt and needed a new emphasis on lifting
the economy out of recession.
ROME (Reuters) – New Italian Prime Minister Enrico Letta will seek the backing of parliament in a confidence vote on Monday, facing severe political and economic problems that will test the solidity of his coalition government in the months ahead.
The vote takes place under the shadow of the gun attack on Sunday in which an unemployed man shot two police officers and a passerby outside the prime minister’s office in Rome just as the cabinet was being sworn in at the nearby presidential palace.
ROME, April 27 (Reuters) – Italian centre-left politician
Enrico Letta said on Saturday he had won support of other
parties to form a coalition government that will include one of
former prime minister Silvio Berlusconi’s closest allies as
deputy prime minister.
Letta met President Giorgio Napolitano after talks with
Berlusconi and leaders of his centre-right People of Freedom
(PDL) party to confirm that he had reached an accord which would
clear the way for a government to be formed.
ROME (Reuters) – Italy’s center-left prime minister-designate Enrico Letta met Silvio Berlusconi and other center-right officials on Saturday to try to resolve the remaining differences holding up the formation of a coalition government between the rival parties.
Letta, given a mandate to form a government by President Giorgio Napolitano, is under pressure to reach an agreement with the center-right to end the political stalemate that has paralyzed Italy since inconclusive elections in February.
ROME (Reuters) – Italian prime minister-designate Enrico Letta held talks with other political figures on Friday on forming a coalition government but said differences with former premier Silvio Berlusconi’s center-right party still needed to be resolved.
Berlusconi said he was confident the remaining issues between rival parties could be sorted out.
ROME, April 25 (Reuters) – Italy’s prime minister-designate
Enrico Letta started “encouraging” talks on Thursday for a new
government to end two months of political deadlock, but said
significant differences with the centre-right would take more
time to iron out.
Letta, the 46-year-old deputy head of the centre-left
Democratic Party (PD), said he would use Friday as a “day to
reflect” on his chances of piecing together a broad coalition to
govern the euro zone’s third-largest economy.
ROME, April 24 (Reuters) – Italian President Giorgio
Napolitano on Wednesday asked centre-left deputy leader Enrico
Letta to form a new government, signalling the end of a damaging
two-month vacuum since elections in the euro zone’s third
largest economy in January.
The prime minister designate is expected to quickly select a
group of ministers, mixed between politicians and technocrats,
under the guidance of Napolitano, whose own unprecedented
re-election last weekend opened the way for an end to the