Italy and the EU
Latest business news about Italy and the European Union.
- Arab tycoons unveil EUR 100 m film partnership — 15 May 2013, 22:24 CET
Egyptian telecoms tycoon Naguib Sawiris and French-Tunisian financier
Tarak Ben Ammar unveiled a 100-million euro ($129-million) partnership
to produce and distribute films and television programmes in the Arab
world and internationally.
- Italian rates fall in 8-bn euro bond sale — 13 May 2013, 16:20 CET
Italy's borrowing costs fell in a bond auction on Monday that raised 8.0
billion euros ($10.4 billion), taking advantage of greater liquidity in
the market due to central bank policy action.
- Italy's Letta calls for EU plan against youth unemployment — 10 May 2013, 21:44 CET
Italian Prime Minister Enrico Letta on Friday called for the European
Union summit in June to adopt a strategy to combat youth unemployment
with concrete measures to be implemented immediately.
- French ministers boycott conference over Muslim scholar — 08 May 2013, 20:57 CET
Two French ministers have decided to boycott a conference in Italy on
the future of the European Union due to the presence of controversial
Muslim intellectual Tariq Ramadan, aides said Wednesday.
- EU court upholds fine against Italy's ENI — 09 May 2013, 16:58 CET
The European Court of Justice on Wednesday upheld a 181.5-million-euro fine decided against Italy's ENI in 2006 concerning a cartel on the synthetic rubbers markets.
- Italy urges fast EU action on youth unemployment — 06 May 2013, 22:34 CET
Italy's new premier urged the European Union on Monday to act quickly to
tackle the problem of high youth unemployment, calling for it top the
agenda at a summit of EU leaders next month.
- Italy's Letta eyes economic growth without debt — 06 May 2013, 13:17 CET
Italian Prime Minister Enrico Letta on Monday said it was possible to
boost economic growth without increasing public debt as the key eurozone
economy struggles with a lengthy recession.
- Barroso 'confident' Italy can exit excessive deficit — 02 May 2013, 12:07 CET
European Commission president Jose Manuel Barroso on Thursday voiced confidence in the new Italian government's ability to meet public deficit targets set by the EU executive.
- Europe seeking end to 'nightmare' youth unemployment — 02 May 2013, 17:15 CET
Europe needs to come up with a plan within weeks to end the "nightmare" of mounting youth unemployment, Italy's new premier Enrico Letta and European Commission chief Jose Manuel Barroso said Thursday.
- EU assures debt-laden Italy of 'flexibility' — 02 May 2013, 11:15 CET
European Council chief Herman Van Rompuy assures visiting Italian Prime Minister Enrico Letta that the European Union will remain "flexible" while debt-laden Rome pursues the goal of sound public finances.
- Hollande says Germany and France must work together — 01 May 2013, 18:22 CET
President Francois Hollande said Wednesday France and Germany must work
together whatever "sensitivities" may arise, as the two neighbours
struggle to see eye-to-eye over belt-tightening policies.
- No conflict between growth, fiscal rigour: Merkel — 30 April 2013, 22:44 CET
German Chancellor Angela Merkel told Italy's new Prime Minister Enrico
Letta on Tuesday that she saw no contradiction between budgetary
discipline and the goal of economic growth.
- Europe 'cannot be united by the euro alone': Italy PM — 30 April 2013, 13:11 CET
Italian Prime Minister Enrico Letta said Tuesday that European countries
cannot be united by the euro alone, but must develop into a political
union or risk a slow decline.
- EU vows support to new Italian government — 28 April 2013, 21:00 CET
European Council chief Herman Van Rompuy on Sunday congratulated Italy's new Prime Minister Enrico Letta and vowed continued support from the bloc for Rome's efforts to stave off bankruptcy.
- Italian priest arrested for EUR 4 m fraud — 04 April 2013, 17:41 CET
Italian police on Thursday arrested a priest accused of defrauding a Vatican-linked hospital in Rome that he managed of four million euros, part of which he used to buy an 18-room villa in Tuscany set on 23 hectares of land.
- IMF: Recession keeps Italy's banks at risk — 27 March 2013, 00:03 CET
Italy's financial system has shown impressive strength but the ongoing recession remains a major threat to its banks, the International Monetary Fund said Tuesday.
- 'Surge' in Britons mulling euro transfer, says firm — 26 March 2013, 17:59 CET
Independent financial advisory company deVere Group on Tuesday reported
a "surge" in the number of British expats seeking advice about moving
funds out of some of the eurozone's most troubled economies following
the Cyprus bailout deal.
- Italy to speed up private sector debt repayments — 21 March 2013, 16:30 CET
Italy on Thursday said it will accelerate the payment of 40 billion
euros ($52 billion) in state debt arrears to private companies, a move
it noted would increase its debt and deficit without breaching EU rules.
- Europe a 'wicked stepmother' in Cyprus: Italian business — 19 March 2013, 22:59 CET
The head of Italy's employers federation on Tuesday said proposed bank
levies in Cyprus would put Europe in the role of "a wicked stepmother".
- EU defends Italy envoy in row with India over marines — 19 March 2013, 15:48 CET
European Union foreign policy chief Catherine Ashton on Tuesday defended
Italy's envoy to India, prevented from leaving the country due to a row
over two Italian marines who skipped bail while on trial for murder in
- EU cautious as India strips Italy envoy of 'immunity' — 18 March 2013, 16:12 CET
The EU's foreign service reacted cautiously Monday to a decision by India's top judge to strip Italy's ambassador of his diplomatic immunity.
- Monti urges end to EU rigidity, warns of voter backlash — 14 March 2013, 23:55 CET
Outgoing Italian premier Mario Monti urged EU partners on Thursday to grant Italy and other countries facing pressures on public finances leeway to spend for jobs -- or face a voter backlash as he did last month.
- Italy 'de facto already out of euro': Grillo — 13 March 2013, 11:54 CET
Beppe Grillo, head of the anti-establishment Five Star Movement that has rocked Italian politics, said on Wednesday Italy was already essentially out of the euro but denied being anti-European.
- Telecom Italia posts EUR 1.6 bn loss for 2012 — 07 March 2013, 22:04 CET
Telecom Italia posted Thursday a net loss of 1.627 billion euros ($2.1
billion) for 2012, hit by an asset write-down of more than 4.4 billion
euros in part on investments in Brazil.
- German MP calls for Italy to leave euro — 01 March 2013, 23:25 CET
A deputy from German Chancellor Angela Merkel's Christian Democratic Union (CDU) called Friday for Italy to leave the euro if it could not stick to EU rules after its inconclusive election.