Budget
Business Daily
Italy maintains spending plans despite threat of EU censure
The Italian government has maintained its budget for 2019, despite a demand from the EU that it revises its spending plans. In a letter to the EU Commission, Italy's economy…
Italy refuses to back down in budget standoff with EU
Italy's populist government defied the European Commission Tuesday by sticking to its big-spending budget plan, risking financial sanctions in a high-stakes standoff with Brussels.
Business Daily
Deadline looms for Italy to submit revised budget to EU
Italy must today submit a revised version of its budget to the European Commission, after Brussels rejected a first version of its spending plans. The Italian government says it…
Talking Europe
Italy vs EU: Budget showdown between Rome and Brussels
Most of us will have memories of our parents telling us to learn the value of money – not spending all our cash as soon as we get it, and always having something in the piggy…
Business Daily
Who is Paulo Guedes? Bolsonaro's finance guru under the spotlight
After Jair Bolsonaro's victory in Brazil's presidential elections, the finance world is turning its attention to his economic advisor, Paulo Guedes. Can he help overhaul Brazil's…
The Debate
Europe's Next Crisis? Brussels rejects Italy's budget plan
Could it really be a bigger existential threat to Europe than Brexit or the Greek debt crisis? Italy's government has been given three weeks to respond after becoming the first…
'Italy deserves respect!': MEP's fury as EU rejects budget
After the EU’s unprecedented rejection of Italy’s budget on Tuesday, an Italian MEP went up to the European Commissioner for finance, slammed his shoe on his notes and shouted…
EU rejects Italy’s draft budget in unprecedented rebuke
The European Commission has rejected Italy's proposed 2019 budget over excessive spending and asked its government to come up with a new plan within three weeks, a first in…
Italy rules out leaving the EU amid budget standoff
Italy's populist government on Monday responded to EU criticism of its budget with a vow to stick to its public spending hike while scrupulously keeping to its own deficit limits.
Business Daily
Italy determined to stick to budget plan despite EU warnings
Italy is determined to stick to its plan to increase its budget deficit to 2.4% of GDP next year, despite warnings from the EU and a credit downgrade by Moody's to just one level…
People & Profit
Push for growth: French government tries to dodge economic slowdown
Emmanuel Macron's second budget is holding firm on his promise to cut France's debt and budget deficit. Businesses are among the winners in next year's spending plans, with tax…
Business Daily
US, China impose new tariffs on each other's goods
The US has slapped a new round of tariffs on $200 billion worth of Chinese imports. China has retaliated with import duties on $60 billion worth of American goods. The latest…