Italian Finance Minister Giancarlo Giorgetti insisted his budget will respect European Union fiscal targets even while relieving families strained by the cost-of-living crisis.
Italy is considering buying back European bond-trading platform MTS SpA from Euronext NV, as Prime Minister Giorgia Meloni seeks to preserve national oversight of the country’s debt.
Premier Giorgia Meloni’s budget is aiming to finally get Italy’s deficit below the European Union’s limit this year, helped by faster-than-expected growth.
Premier Giorgia Meloni’s government will pare back defense spending in a late change to the budget as it seeks to shrink Italy’s deficit, according to people familiar with the matter.
Prime Minister Giorgia Meloni’s upcoming budget will lay out multiple tax cuts, while aiming to reassure investors that Italy’s finances will remain under control.
Italy’s deficit for last year was confirmed at 3.1% by the country’s statistics office, a setback for Prime Minister Giorgia Meloni’s government which had hoped for a revision.
European Central Bank Governing Council member Fabio Panetta warned that overly optimistic valuations of technology companies could leave markets vulnerable to sharp corrections.
The European Union is pressing international partners to provide funding to Ukraine as the country faces increasing financing needs amid a tense battlefield situation before the winter.
European Central Bank interest-rate increases don’t address soaring consumer prices across the euro area, according to Italian Finance Minister Giancarlo Giorgetti.
Italian Premier Giorgia Meloni’s government might still manage to exit the European Union’s fiscal monitoring regime if its 2025 deficit is revised lower next week.
Italian Prime Minister Giorgia Meloni said the government isn’t involved in the future of lender Banca Monte dei Paschi di Siena SpA, which is at the center of concurring bids.
European Central Bank officials expect to raise interest rates further, with another increase possible as soon as next month, according to people familiar with the situation.
A far-left proposal to reduce France’s mountain of borrowing by canceling debt held by central banks doesn’t make sense and would be financially dangerous, according to European Central Bank President Christine Lagarde.
Prime Minister Giorgia Meloni’s hopes of delivering a pre-election budget that can both woo voters and assuage coalition partners just got a helping hand from the Italian economy.
Italy will extend a tax cut on diesel fuel prices until Sept. 10, as Prime Minister Giorgia Meloni’s government continues to shield consumers ahead of a general election expected next year, according to an Italian official.
The euro-area economy expanded more than anticipated in the second quarter, demonstrating its continued ability to weather the fallout from the Iran war.
The Bank of Italy raised its outlook for the country’s economy, judging that a positive start to the year will outweigh fallout that followed from the Iran war.