(Reuters) – Italy’s seasonally adjusted unemployment rate rose to a new record of 12.9 percent in January, its highest level since records began in 1977, data showed on Friday.
Youth unemployment, measuring job-seekers between 15 and 24 years old, was 42.4 percent in January, up from 41.7 percent in December. Youth unemployment is also at its highest level in 37 years.
ROME (Reuters) – Prime Minister Matteo Renzi won his first confidence vote in parliament, pledging to cut labour taxes, free up funds for investment in schools and pass wide institutional reforms to tackle Italy’s economic malaise.
Facing parliament for the first time, the 39-year-old Renzi who is Italy’s youngest premier, sketched out an ambitious program of change in an hour-long speech delivered in his trademark quickfire style interspersed with occasional jeers from the opposition benches.
ROME (Reuters) – Italian Prime Minister Matteo Renzi faces his first test before a fractious national parliament when he goes before the Senate on Monday to put flesh on his ambitious reform plans and seek to win a confidence vote in his newly installed government.
Backed by his own center-left Democratic Party (PD), the small center-right NCD party, centrists and other miscellaneous groups, he should have enough support in the 320-seat upper house.
ROME, Feb 21 (Reuters) – Italian centre-left leader Matteo
Renzi unveiled his cabinet on Friday after formally accepting
the mandate to form a government he said would remain in place
Renzi confirmed that OECD Chief Economist Pier Carlo Padoan
would take over the key economy ministry portfolio in the
16-minister cabinet, half of whom will be women. The new premier
said his government would begin work immediately.
ROME (Reuters) – Italian center-left leader Matteo Renzi said on Monday he would begin talks to form a new government in the next 24 hours, and expected to lay out a program of reforms to be completed within the next few months.
Renzi needs to seal a formal coalition deal with the small centre-right NCD party to secure a majority and to name his cabinet before seeking a formal vote of confidence in parliament, probably later this week.
ROME (Reuters) – Italian center-left leader Matteo Renzi is one step away from forming a new government after he swiftly eliminated party rival Enrico Letta as prime minister. New numbers showing how slowly the economy is growing highlight the huge challenge ahead.
After Renzi and the rest of the center-left Democratic Party (PD) leadership forced Letta’s hand by withdrawing their support at a special meeting on Thursday, the prime minister handed his resignation to President Giorgio Napolitano.
ROME (Reuters) – Italian centre-left leader Matteo Renzi forced party rival Enrico Letta to resign as prime minister on Thursday after criticising his government’s failure to pass major reforms, opening the way for Italy’s third administration in a year.
Letta’s decision to quit came after the Democratic Party (PD), the largest party in the ruling coalition, supported a call by its 39-year-old leader Renzi for a more ambitious government to pull Italy out of its economic slump.
ROME, Feb 13 (Reuters) – Italian centre-left leader Matteo
Renzi called on Prime Minister Enrico Letta to step down on
Thursday and said their party, the biggest in the ruling
coalition, should choose a new premier to lead the government.
After weeks of tension between the two main figures in the
centre-left Democratic Party (PD), the biggest in the ruling
coalition, Renzi’s call for change appeared to seal the fate of
Letta, who did not attend the PD meeting called to discuss
whether the party should continue to support Letta.
ROME (Reuters) – Italian Prime Minister Enrico Letta faces a showdown with his own center-left party on Thursday that could lead to his resignation and the appointment of Democratic Party leader Matteo Renzi as head of a new government within days.
Letta, head of the unwieldy coalition patched together after last year’s deadlocked elections, is fighting for his political future after growing criticism from Renzi over the slow pace of economic reforms.
ROME (Reuters) – Italian Prime Minister Enrico Letta defied pressure to resign on Wednesday to let center-left leader Matteo Renzi form a government, saying anyone who wanted him out must say so openly and outline what they would do in his place.
Letta’s comments came at the end of a day of mounting tensions in Rome where the two men met for what the prime minister described as a “frank” encounter in his office.