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BRUSSELS: The European Commission will recommend lifting tight controls on Italy’s public spending imposed in 2009 when Rome breached the European Union’s deficit ceiling of 3% of gross domestic product, an EU source said.
LOS CABOS, Mexico: Italy put forward a proposal at a G20 summit in Mexico on Tuesday for the euro zone's rescue funds to start buying the debt of distressed European countries, and the idea is expected to be discussed at a meeting of leaders in Rome on Friday.
BRUSSELS: Italy and Spain, battling searing market pressure in the euro zone's widening debt crisis, blocked agreement on measures to promote growth at a European Union summit on Thursday to demand urgent action to bring down their borrowing costs.
ROME: Chinese President Xi Jinping recruited Italy’s populist government into his global Belt and Road development project, with the signing of an accord that has sparked worries in the US and European Union over the Asian power’s push for economic domination.
Former EU competition commissioner Mario Monti, a top contender to take over the embattled Bank of Italy, stepped out of the running Saturday saying he had other plans.
ROME (Reuters) - Italy's fiscal deficit fell to 3.0 percent of gross domestic product last year, above the government's most recent target and bang on the European Union's 3 percent ceiling, data showed on Friday.
MILAN: Moody's cut the credit ratings of a string of Italian banks on Monday, bringing the country's top lenders in line with a downgrade to Italy's sovereign rating last week, as well as lowering ratings for companies and local government authorities.
LONDON: Italy could once rely on a solid base of domestic buyers for its bonds, but even they seem to be turning their backs now.