The first test for Italy's Prime Minister Giuseppe Conte is to get his new administration’s sums to add up. Italy’s budget is chance to reset EU relations, says LJucca:
Members of Italy’s anti-establishment 5-Star Movement voted overwhelmingly in favour of a proposed coalition with the centre-left Democratic Party on Sept. 3, paving the way for a new executive led by Premier Giuseppe Conte to take office in the coming days. Conte is due to meet President Sergio Mattarella with a list of cabinet ministers on Sept. 4.
Italy, the euro zone’s third-largest economy, has an official deficit goal of 2.1% of GDP for next year. However, the Italian Treasury currently expects a 2020 deficit of 1.6%, including the VAT hike, Reuters reported on Sept. 2 citing sources close to the matter. Italy’s economy is expected to grow by a modest 0.1% in 2019, according to the European Commission, the lowest growth rate in the European Union, while the country’s public debt is expected to surpass 133% of GDP this year.
The gap between Italian 10-year government bonds and equivalent German bonds shrunk to 151 basis points at 0630 GMT on Sept. 4, the narrowest since May 2018.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Exclusive: Telia offers concessions as EU probes Bonnier deal: EU documentSwedish telecoms operator Telia has offered concessions to allow rivals fair acc...
Leer más »
EU should be open for 'creative' solutions on Irish border: Brexit ministerBritain's Brexit Minister Stephen Barclay said in an interview with several...
Leer más »
No Relief for Big Tech Under New EU LeadershipThe incoming head of the EU executive arm is promising new laws on artificial intelligence and the use of big data within 100 days of taking office on Nov. 1, as the bloc’s antitrust enforcer gathers evidence to probe the practices of companies including Facebook and Amazon.
Leer más »
EU should be open for 'creative' solutions on Irish border - Brexit ministerBrexit Minister Stephen Barclay said in an interview with several European newsp...
Leer más »
No-deal Brexit 'very distinct possibility': EU executiveA no-deal Brexit is a 'very distinct possibility' and European Union c...
Leer más »
Brexit showdown: MPs bid to block Johnson leaving EU with no dealBritish lawmakers on Tuesday began a bid to stop Boris Johnson pursuing what the...
Leer más »