colleen barry

MILAN | Italy stands firm against EU in budget dispute

MILAN — Italy’s leader on Monday indicated his government would stand firm in its plans to ramp up public spending, keeping alive a dispute with the European Union, which is worried the budget would increase the country’s high debts. Premier Giuseppe Conte defended the deficit-busting budget in a news conference in Rome following the noon … Continue reading MILAN | Italy stands firm against EU in budget dispute

MILAN | EU budget chief seeks to ease tensions with Italy

MILAN — The European Union’s budget chief sought to ease tensions with Rome on Friday over Italy’s rule-busting budget, after markets reacted by pushing up Italy’s borrowing costs to the highest levels in five years. Pierre Moscovici told reporters in Rome that he did not see a risk of contagion in the market reaction to … Continue reading MILAN | EU budget chief seeks to ease tensions with Italy

MILAN | Students protest Italy’s spending plans, burning effigies

MILAN  — Students across Italy demonstrated against the government’s education funding plans, in the first widespread show of dissidence against the new populist government. Students demonstrated in 50 cities, including some 3,000 who ended their protest outside the Education Ministry in Rome. Hundreds gathered in the northern city of Turin, where protesters burned effigies of … Continue reading MILAN | Students protest Italy’s spending plans, burning effigies

MILAN | Italian government pleases markets with softer deficits

MILAN — The Italian government on Wednesday softened budget deficit targets that have alarmed investors and eurozone partners, saying they would be gradually lowered after 2019. Economy Minister Giovanni Tria confirmed that the deficit to gross domestic product ratio next year would be higher than agreed by the previous government with the European Commission. But … Continue reading MILAN | Italian government pleases markets with softer deficits

MILAN | Italian government backs down on part of spending plans

MILAN  — The Italian government on Wednesday indicated a softening in the public spending plans that have alarmed investors and eurozone partners, saying they would be gradually lowered after 2019. Economy Minister Giovanni Tria confirmed that the deficit to GDP ratio next year would be higher than agreed by the previous government with the European … Continue reading MILAN | Italian government backs down on part of spending plans

MILAN | Worries about Italy’s finances jolt markets again

MILAN— Italy’s leaders refused to budge from new spending targets that have been spooking investors recently and prompted concerns from the country’s partners in eurozone. Deputy Prime Minister Luigi Di Maio said Tuesday that the government “will not back up one millimeter” from spending targets that will increase the country’s deficit to 2.4 percent of … Continue reading MILAN | Worries about Italy’s finances jolt markets again

MILAN | In Milan, colors pop at Versace, MSGM, Etro

MILAN — Fashion may seem a respite for the cares of the world, but often it is actually an expression of them. Designers in Milan this week are finding ways to express their concerns about the global affairs through their collections, in some cases purposely providing an escape but in others using textiles and seams … Continue reading MILAN | In Milan, colors pop at Versace, MSGM, Etro

MILAN | Robbie Williams entertains at Emporio Armani’s airport show

MILAN  — Milan designers were letting go of streetwear and turning back to the basics of elegant design on the second day of Milan Fashion Week. That is not to say there is nothing for trendy youth. Designers are turning to materials like PVC to keep a street-smart edge. And they aren’t giving up the … Continue reading MILAN | Robbie Williams entertains at Emporio Armani’s airport show