ROME The European Union needs looser budgetary policies and an overhaul of its fiscal rulebook, the bloc's designated economics commissioner said in an article published on Sunday.
ROME Tens of thousands of supporters of Italy's right-wing opposition parties, spearheaded by Matteo Salvini's League which was ousted from power two months ago, gathered in central Rome on Saturday to protest against the new government.
ROME Italy's government approved a draft 2020 budget that cuts taxes for middle-earners and aims to crack down on tax evaders, while holding the deficit at the same level as this year.
ROME Italy has lifted a block on 2019 spending that was agreed by the previous government with the European Commission, in a surprise move that will result in a higher deficit this year but which means the budget gap will not widen in 2020.
ROME The Italian government slightly raised the country's budget deficit target for 2020 on Monday, looking to head off a programmed hike in value-added taxes while avoiding renewed tensions with the European Union.
MILAN Italy's economy minister suggested on Sunday that the country's budget deficit would be set at around 2.2% of domestic output next year, stressing the need for flexibility as Rome tries to rekindle stalled growth without reigniting friction with the EU.
ROME Italy will target its budget deficit at around 2.2% of gross domestic product next year, falling to 1.8% in 2021 and 1.4% in 2022, a political source said on Saturday.
ROME Italy will cut its target for economic growth next year to around 0.6%, three sources close to the matter told Reuters on Monday, as the government prepares its 2020 budget to be presented to parliament later this month.
ROME Members of the anti-establishment 5-Star Movement on Friday backed a local alliance with the center-left Democratic Party, (PD) in an online vote that could strengthen the new government and change the shape of Italian politics.
ROME Italy's new government expects the economy to expand by only about 0.4% next year after eking out 0.1% growth this year, three sources close to the matter told Reuters, underscoring the need for an expansionary 2020 budget.