Italy will allow its citizens not to pay mortgages during the coronavirus COVID-19 outbreak as the country remains on lockdown, Deputy Economy Minister Laura Castelli from the Five Star Movement said on Tuesday.
Speaking to local media, Castelli said banks are involved in the measures, but...
The European Commission assured Italy that its additional spending amid the coronavirus outbreak will not be counted when assessing the country's compliance with the European Union's budget rules.
"As regards the announced package of support measures, any one-off budgetary spending,...
The government in Rome didn't make any "significant deviation" in the budget bill, Minister of Economy and Finance Roberto Gualtieri told the European Commission. The ministry said the document is "moderately expansive" and "consistent" with the "flexibility" enabled by the framework of the Stability...
Italy increased its deficit to gross domestic product (GDP) ration target to 2.2% for the fiscal 2020, media reported following a cabinet meeting on the topic of debt and growth in Italy's economy.
The target has been increased by 0.1 points from the 2.1% which was determined as the target ratio in...
The future government must conduct an "important and courageous" fiscal overhaul with someone "whom the world trusts," like Giancarlo Giorgetti, Italy's Deputy Prime Minister Matteo Salvini told Corriere della Sera. In an interview published on Wednesday, the leader of the ruling Northern League...
Fitch Ratings said Italy's success in avoiding European Union sanctions is proof that the cabinet of Prime Minister Giuseppe Conte "remains engaged" in the bloc's fiscal framework. The South European country has vowed to stabilize public finances and punitive measures were taken off the table last...
Italians in the previous administration of the European Union didn't have a say in economic and financial policy, Giuseppe Conte told Corriere della Sera. In an interview published on Thursday, after the outgoing European Commission decided to scrap the sanctions procedure against his government,...
European Union on Wednesday decided not to initiate proceedings against Italy over excessive deficit after the government in Rome promised to reduce its budgetary shortfall by €7.6 billion or around 0.42% of gross-domestic-product, multiple media reported on Wednesday. Besides this, Italy...
The European Commission will postpone the official launch of a procedure against Italy over the country's fiscal policies, the Financial Times reported. These disciplinary proceedings were previously due to start after the European Union's central body meeting on Tuesday.
According to two sources...
If markets determine a 2.5-percentage-point spread for sovereign debt security yields above Germany's and they are one point higher than those issued by Spain, it spills into private credit mechanisms and reduces the capacity to grow the national economy, said Ignazio Visco, governor of the...
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