populist government

ROME | Italian lawmakers give deficit-busting budget 1st approval

ROME — Italian lawmakers have given their first approval to the populist government’s deficit-busting spending plan for 2019. The lower Chamber of Deputies on Friday night OK’d the proposal, put to a confidence vote to help close bickering ranks in Premier Giuseppe Conte’s coalition. But the spending plan is expected to be modified before the … Continue reading ROME | Italian lawmakers give deficit-busting budget 1st approval

HOUSTON | The Latest: Polish leader says T-shirt was tribute to Bush

HOUSTON  — The Latest on events honoring former President George H.W. Bush (all times local): 8:15 a.m. The founder of Poland’s anti-communist Solidarity movement, Lech Walesa (lek vah-WEHN’-sah), attended U.S. President George H.W. Bush’s state funeral in Washington wearing a T-shirt with the word “Konstytucja” (Constitution), a symbol of a political struggle in his homeland … Continue reading HOUSTON | The Latest: Polish leader says T-shirt was tribute to Bush

MILAN | Italy to press on with budget, asks EU sanctions be delayed

MILAN — Italy’s leader said Thursday that the government will speed up investments to help economic growth, but that the main points of its big-spending budget plan would not be changed despite the EU’s warning it is in serious breach of the rules. Giuseppe Conte told lawmakers that if eurozone countries impose sanctions against Italy … Continue reading MILAN | Italy to press on with budget, asks EU sanctions be delayed

MILAN | Investors snub Italian bonds amid budget spat with EU

MILAN  — Investors are snubbing Italian bonds amid concerns over a dispute between the nation’s populist government and the European Union‘s executive Commission. Orders for the four-year Italian bonds on Thursday reached 2.16 billion euros ($2.47 billion), well below the more than 8 billion euros expected and the second-worst result ever. The record high was … Continue reading MILAN | Investors snub Italian bonds amid budget spat with EU

HELSINKI | EU center-right plots strategy ahead of key election

HELSINKI — Center-right leaders and senior politicians from across Europe on Wednesday thrashed out their strategy to hold power in the next EU elections and weighed whether Hungary’s stridently nationalist ruling party should remain part of their political family. Over two days in Finland, heavyweights from the European People’s Party — the group uniting Europe’s … Continue reading HELSINKI | EU center-right plots strategy ahead of key election

BRUSSELS | EU economy chief seeks support in spat with Italy on budget

BRUSSELS — The European Commission‘s top economic official says he hopes to win backing from national finance ministers for its rejection of Italy’s draft budget plan. The Commission supervises EU countries’ budget policies and says the one submitted for next year by Italy’s populist government is out of line and breaks the country’s promise to … Continue reading BRUSSELS | EU economy chief seeks support in spat with Italy on budget

MILAN | Markets unnerved by questions around Italy’s public finances

MILAN — Tensions surrounding the spending plans of Italy’s new populist government are weighing on the country’s stocks and bonds. Some investors appear concerned Italy will break eurozone rules to satisfy election promises. Italy’s benchmark stock index was down 2 percent Thursday and the yield on the Italian government bond yield rose, a sign of … Continue reading MILAN | Markets unnerved by questions around Italy’s public finances