Italy's prime minister and economy minister have formed an unofficial allia...
ROME - Italy’s prime minister and economy minister have formed an unofficial alliance with the president to prevent the euro zone’s third-largest economy being dragged into financial crisis by its ruling parties, sources say.
The coalition’s confrontation with the European Commission, which has flagged possible disciplinary action over Rome’s big-spending fiscal policies, has sent a shiver through Italian bonds and rekindled fears of a full-blown financial crisis.
The League, rooted in rich northern regions, and 5-Star, whose voters mainly live in the poorer south, forged their alliance a year ago, but last month’s European Parliament elections have given Salvini the upper hand. The fact that Italian debt continues to rise as a proportion of GDP prompted the European Commission on Wednesday to start a process that could lead to financial sanctions and stricter oversight of fiscal policy.Investors are already asking for interest rates some 0.7 percentage points higher than a year ago to buying Italian 10-year sovereign bonds.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
EU prepares the ground for disciplinary procedure over Italy debtThe European Commission concluded on Wednesday that Italy is in breach of EU fis...
Consulte Mais informação »
EU’s debt warning to Italy is just opening salvoThe European Commission says the country’s borrowing, which grew to 132% of GDP last year, could justify unprecedented sanctions. That move would need the support of EU governments, and Rome has some wiggle room. But political and economic signs point to a future showdown.
Consulte Mais informação »
EU Threatens Italy for Flouting Budget RulesThe EU threatened to punish Italy for flouting budget rules, setting the stage for a renewed confrontation between the EU and Italy over Rome’s plans to boost spending despite ballooning debt.
Consulte Mais informação »
Connecticut woman attacks pregnant McDonald's worker over 'messed up' order, tries to make her own McChickenShannelle Hanson accused of breach of peace and third-degree assault of a pregnant woman following incident at Norwich store.
Consulte Mais informação »
Danish leader sees slow talks to form government after vote winThe leader of Denmark's Social Democrats said on Thursday she would launch ...
Consulte Mais informação »