Italian government

MARSEILLE, France | Aid groups terminate Aquarius migrant rescue operations

MARSEILLE, France — Aid groups Doctors Without Borders and SOS Mediterranee say they have been forced to end the migrant rescue operations of the Aquarius ship in the Mediterranean Sea. The Aquarius has been docked in Marseille since October after Panama revoked its flag. Last month, Italian prosecutors ordered the seizure of the ship and … Continue reading MARSEILLE, France | Aid groups terminate Aquarius migrant rescue operations

MARSEILLE, France | Aid groups terminate Aquarius rescue operations

MARSEILLE, France— Aid group Doctors Without Borders and SOS Mediterranee say they have been forced to end the rescue operations of the Aquarius ship in the Mediterranean Sea. The Aquarius has been docked in Marseille since October after Panama revoked its flag. Last month, Italian prosecutors ordered the seizure of the ship and accused Doctors … Continue reading MARSEILLE, France | Aid groups terminate Aquarius rescue operations

MILAN | Italian government indicates willingness to amend budget

MILAN — Italy’s government borrowing costs are easing — a sign of investor relief — after the government indicated it is considering changes to the draft budget rejected by the EU’s executive body. Bond yields dropped Tuesday after Italy’s populist leaders said that its focus is “on relaunching growth and development” and that it “wasn’t … Continue reading MILAN | Italian government indicates willingness to amend budget

MILAN | Italy faces higher borrowing costs, sanctions on budget

MILAN — Italian borrowing costs have risen after the populist government resubmitted draft budget proposals without the significant changes sought by the European Commission. The EU’s executive branch acknowledged receipt of Italy’s letter and said it would issue its response next week. The Commission had asked for revisions because it said the budget plans would … Continue reading MILAN | Italy faces higher borrowing costs, sanctions on budget

MILAN | IMF warns Italy’s spending plan makes country vulnerable

MILAN— The International Monetary Fund has warned the Italian government that its plan to sharply increase spending carries “substantial” risks and would leave the country vulnerable to market turmoil. Hours before the Italian populist government faced a deadline to submit a revised budget draft to the EU, the IMF said in a report that “Italy … Continue reading MILAN | IMF warns Italy’s spending plan makes country vulnerable

LONDON | European stocks recover their poise on Italy relief

LONDON — European stock markets edged higher Wednesday after the Italian government indicated that upcoming deficits will be lower than originally thought. KEEPING SCORE: In Europe, the CAC 40 in France was up 0.6 percent at 5,499 while the FTSE 100 index of leading British shares rose 0.6 percent to 7,516. German markets were closed … Continue reading LONDON | European stocks recover their poise on Italy relief

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 | Italian budget ‘to include basic income’ pledge

MILAN — Italy’s economy minister says the first budget of the new Italian government will include a basic income scheme sought by one of the governing parties, the 5-Star Movement. Giovanni Tria said Wednesday that the scheme would “help manage the social consequences of the transformation process of production.” Tria, who is unaffiliated with either … Continue reading MILAN | Italian budget ‘to include basic income’ pledge