Italy and the EU

Latest business news about Italy and the European Union.

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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 New Delhi.

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.