Italy is negotiating with the European Union to find ways of obtaining leniency on energy-related budget spending, Finance Minister Giancarlo Giorgetti said.
Global bond jitters took center stage as Group of Seven finance chiefs discussed how oil-fueled inflation risks overshadowing world economic prospects.
Global bond jitters took center stage as Group of Seven finance chiefs discussed how oil-fueled inflation risks overshadowing world economic prospects.
Global bond jitters took center stage as Group of Seven finance chiefs discussed how oil-fueled inflation risks overshadowing world economic prospects.
European Central Bank policymakers are likely to raise interest rates at their next meeting in June unless there are positive developments on energy prices and ending the Iran war, according to people familiar with the situation.
ECB President Christine Lagarde and ECB Vice President Luis de Guindos during a rates decision news conference in Frankfurt on April 30.
European Central Bank policymakers are likely to raise interest rates at their next meeting in June unless there are positive developments on energy prices and ending the Iran war, according to people familiar with the situation.
ECB President Christine Lagarde and ECB Vice President Luis de Guindos during a rates decision news conference in Frankfurt on April 30.
Italy needs to watch its spending if it wants to stick to European Union fiscal rules despite a worsening economic growth scenario, Bank of Italy official Andrea Brandolini said.
Italy needs to watch its spending if it wants to stick to European Union fiscal rules despite a worsening economic growth scenario, Bank of Italy official Andrea Brandolini said.
Italy needs to watch its spending if it wants to stick to European Union fiscal rules despite a worsening economic growth scenario, Bank of Italy official Andrea Brandolini said.
Premier Giorgia Meloni’s government insisted Italy can still bring its deficit down to below the European Union’s ceiling this year, even if the economy performs worse than forecast.
Giancarlo Giorgetti, Italy's finance minister, at a Eurogroup meeting in Brussels, Belgium, on Monday, March 9, 2026. The French government said the possibility of releasing strategic oil reserves would be discussed at a virtual meeting of Group of Seven finance ministers Monday.
Premier Giorgia Meloni’s government insisted Italy can still bring its deficit down to below the European Union’s ceiling this year, even if the economy performs worse than forecast.
Giancarlo Giorgetti, Italy's finance minister, at a Eurogroup meeting in Brussels, Belgium, on Monday, March 9, 2026. The French government said the possibility of releasing strategic oil reserves would be discussed at a virtual meeting of Group of Seven finance ministers Monday.
Italy’s government expects the country’s budget deficit to fall below the European Union limit this year despite a downward revision of its growth forecast due to the Iran war, according to people familiar with the matter.
Pedestrians at St. Angel castle in Rome, Italy, on Sunday, Dec. 14, 2025. “We want an Italy that is loyal to its partners but is subject to nobody,” Italian prime minister Giorgia Meloni said in wide-ranging remarks at the Atreju party event in Rome on Sunday.
Italy’s government expects the country’s budget deficit to fall below the European Union limit this year despite a downward revision of its growth forecast due to the Iran war, according to people familiar with the matter.
Pedestrians at St. Angel castle in Rome, Italy, on Sunday, Dec. 14, 2025. “We want an Italy that is loyal to its partners but is subject to nobody,” Italian prime minister Giorgia Meloni said in wide-ranging remarks at the Atreju party event in Rome on Sunday.
Ongoing conflicts and global geopolitical tensions are threatening the future of the world’s developing countries, according to European Central Bank Governing Council member Fabio Panetta.
Fabio Panetta, governor of the Bank of Italy, speaks during the World Savings Day conference in Rome, Italy, on Tuesday, Oct. 28, 2025. Panetta warned that his country’s banks face risks stemming from a fragile global backdrop and potential abrupt market movements.
Ongoing conflicts and global geopolitical tensions are threatening the future of the world’s developing countries, according to European Central Bank Governing Council member Fabio Panetta.
Fabio Panetta, governor of the Bank of Italy, speaks during the World Savings Day conference in Rome, Italy, on Tuesday, Oct. 28, 2025. Panetta warned that his country’s banks face risks stemming from a fragile global backdrop and potential abrupt market movements.
The European Union should consider pausing rules limiting deficits if the crisis in the Middle East persists, according to Finance Minister Giancarlo Giorgetti.
Giancarlo Giorgetti, left, and Valdis Dombrovskis.
The European Union should consider pausing rules limiting deficits if the crisis in the Middle East persists, according to Finance Minister Giancarlo Giorgetti.
Giancarlo Giorgetti, left, and Valdis Dombrovskis.