Italy and the EU

Latest business news about Italy and the European Union.

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Italy reports EUR 2.4 bn trade surplus in November — 16 January 2013, 12:37 CET

Italy reported on Wednesday a trade surplus of 2.4 billion euros ($3.1 billion) in November, a figure almost unchanged from the October level.

Italian borrowing costs drop in EUR 3.5 bn bond sale — 11 January 2013, 13:00 CET

Italy's borrowing costs fell sharply on Friday in an auction of bonds to be redeemed in 2015 which raised 3.5 billion euros, showing increased investor confidence.

Italian rates sharply down in EUR 8.5 bn bond sale — 10 January 2013, 12:32 CET

Italian borrowing rates dropped sharply on Thursday in the Treasury's first bond sale of 2013, which raised 8.5 billion euros in short-term paper.

Italian rates edge upwards in EUR 8.5 bn debt auction — 27 December 2012, 17:43 CET

Italian borrowing rates rose slightly in a short-term debt auction that raised 8.5 billion euros political uncertainty ahead of a general election in February.

EU gives temporary approval to rescue of Italy's MPS — 17 December 2012, 17:56 CET

The European Commission on Monday gave temporary approval "for reasons of financial stability" to the recapitalisation of Italy's third-biggest bank, Monte dei Paschi di Siena (MPS).

Italy nettled by European ploy to meddle in election — 16 December 2012, 18:18 CET

Left to its own devices, could Italy slide back into the debt crisis mire after the upcoming elections, dealing a knock-on blow to the eurozone, or vote party-loving Silvio Berlusconi back into power?

Berlusconi says has 'so much to do' outside politics — 13 December 2012, 22:06 CET

Italy's former leader Silvio Berlusconi gave a strong hint Thursday that he might not run in next year's election, telling a Belgian television station he had "so much to do" outside politics.

EU closes ranks behind Italy's Monti — 13 December 2012, 22:49 CET

EU leaders closed ranks behind caretaker Italian premier Mario Monti on Thursday -- in the presence of Silvio Berlusconi -- amid fears reforms could stall there after elections next year.

Barroso tells Berlusconi to mind Italy's interests first — 13 December 2012, 22:00 CET

European Commission chief Jose Manuel Barroso on Thursday said he told his "old friend" Silvio Berlusoni, who may run again for election, that he must be mindful above all else of Italy's stability.

Top EU legal officer rejects Spain, Italy single patent case — 11 December 2012, 17:24 CET

Efforts by Spain and Italy to prevent adoption of a single EU patent system by their EU partners should be dismissed, the chief legal officer of the European Court of Justice recommended Tuesday.

South Stream says undersea construction to begin in 2014 — 10 December 2012, 15:59 CET

Construction of the undersea section of the South Stream gas pipeline linking Russia to European consumers will only begin in 2014, the consortium said Monday after a major ceremony led by President Vladimir Putin launched the project.

EU Nobel-winners pay tribute to Monti's 'great job' — 10 December 2012, 14:09 CET

European Union leaders in Norway to collect the Nobel Peace Prize on Monday hailed the "great job" done by outgoing Italian Prime Minister Mario Monti.

A trio of gas pipelines fight for southern Europe — 07 December 2012, 17:05 CET

Three competing pipelines, South Stream, Nabucco and TAP, have launched projects in the past few years to supply southern Europe with gas from Russia, the Caspian Sea and beyond as Europe seeks to diversify its gas sources:

Putin launches construction of South Stream pipeline — 07 December 2012, 17:03 CET

President Vladimir Putin on Friday launched construction of the long-awaited South Stream pipeline that the Kremlin hopes will pump Russia's gas to Europe while avoiding its unpredictable neighbour Ukraine.

Italy's borrowing costs fall in EUR 7.5bn bond sale — 28 November 2012, 12:21 CET

Italy's borrowing costs fell on Wednesday in an auction of six-month bonds that raised 7.5 billion euros, the latest sale showing a trend of increased investor confidence in the country.

Italy's borrowing costs fall in EUR 4.5bn bond sale — 27 November 2012, 12:47 CET

Italy's borrowing rates fell on Tuesday in a sale of medium and long-term bonds that raised 4.5 billion euros, indicating increased investor confidence in one of the world's biggest debt markets.

Italian mobsters received EU farm aid: court — 23 November 2012, 18:12 CET

Italian mafiosi have been pocketing hundreds of thousands of euros from European farm funds for years thanks to a legal loophole, according to rulings from Italy's Court of Auditors.

Italy reports EUR 1.5 bn trade surplus in October — 22 November 2012, 11:27 CET

Italy reported a surplus of 1.5 billion euros in trade with countries outside the European Union in October on Thursday, a major improvement on the outcome in the same period last year.

Italy digs in over EU budget talks as summit looms — 21 November 2012, 16:00 CET

Italy's European Affairs Minister Enzo Moavero said on Wednesday that agricultural policy and rebates could cause Italy to withold approval for the European Union budget at a summit in Brussels this week.

Italy says ready to use its veto at EU budget summit — 20 November 2012, 19:58 CET

Italy is ready to veto an agreement on the next longterm EU budget during this week's summit should it go against the country's interests, its European Affairs Minister Enzo Moavero said Tuesday.

Eurozone is overcoming crisis: Monti — 20 November 2012, 12:56 CET

Italy's Prime Minister Mario Monti insisted Tuesday that the eurozone was overcoming its debt crisis and that member states were determined to preserve the common currency.

Italy, Germany, Poland appeal against euroscepticism — 19 November 2012, 17:50 CET

Italy's President Giorgio Napolitano and his German and Polish counterparts launched an appeal on Monday for unity in the face of growing euroscepticism as the European economic downturn drags on.

Britain, Italy agree to disagree over EU budget raise — 13 November 2012, 20:58 CET

British Prime Minister David Cameron during a visit to Rome on Tuesday agreed to disagree with his Italian counterpart Mario Monti over proposals to increase the EU budget.

Italy's interest rate falls in EUR 6.5 bn bond sale — 13 November 2012, 14:45 CET

Italy raised 6.5 billion euros in an auction of 12-month bonds on Tuesday at a lower rate than in a similar auction last month, indicating improved confidence among investors on the debt market.

Italian prosecutor charges S&P, Fitch ratings — 12 November 2012, 22:14 CET

An Italian prosecutor filed charges of market manipulation against Standard & Poor's and Fitch ratings agencies on Monday over downgrades of Italy's credit rating that helped fuel the euro debt crisis.