Italy’s 5 Stars Movement Likely To Block Draghi’s Ukraine War Funding; Battle Ahead in Parliament – Sources
By Silvia Marchetti ROME (MaceNews) – Italy’s 5 Stars Movement, part of the ruling coalition, is preparing to pass a parliament resolution on Tuesday to stop the government from further funding Ukrainian fighters, with the risk of putting at stake Rome’s pro-NATO foreign policy stance, according to cabinet sources. The 5 Stars leader Giuseppe Conte, […]
Italy Backs ‘Gradual, Flexible’ Monetary Policy Normalization, Urges ECB to Avoid ‘Hawkish’ Message – Italian Government Sources
By Silvia Marchetti ROME (MaceNews) – Italy is warning against a sudden unwinding of Eurozone monetary policy accommodation and calling for a ‘gradual’ but ‘flexible’ normalization process, according to ruling coalition sources. “It is a very delicate moment for the European Central Bank, and it is paramount to avoid having to exit and then re-enter […]
Rome Pushes for New EU Recovery Fund to Tackle Energy Prices Spike, Avoid Spreads Further Blowing Out – Sources
–Italian officials express relief over ECB moves to limit spread widening By Silvia Marchetti ROME (MaceNews) – Italy’s ruling coalition is pushing hard for the European Union to launch a new recovery fund aimed at jointly funding measures to cushion the impact of energy and inflation spikes on families and firms, in an attempt to […]
<strong>BOI Cuts Italy ’22-’23 Growth on Ukraine Effects But Sees Recovery Signals As Investment Set To Rise</strong>
By Silvia Marchetti ROME (MaceNews) – The Bank of Italy on Friday cut country growth forecasts for 2022-2023 on fallout from the war in Ukraine and energy price hikes, but sees ‘robust’ signs of recovery as government aid to struggling families and European Union-wide pandemic investments start to bear fruit. GDP growth is now projected […]
ECB Preannounces July Rate Hike of 25 Basis Points
–Leaves Open Possibility of Bigger Rise in September By Laurie Laird LONDON (MaceNews) – The European Central Bank will raise interest rates by a quarter percentage point at its next meeting in July with another – potentially larger increase – slated for September, the ECB announced Thursday. “Inflation is undesirably high,” said ECB President Christine […]
Italy Aims to Introduce Worker Minimum Wage as EU Moves toward EU-Wide Directive – Sources
By Silvia Marchetti ROME (MaceNews) – Italy’s parliament is working on a deal to clear as soon as possible a law introducing a minimum wage for all workers following a push by the European Union to implement a minimum wage framework to be applied in all 27 member states, according to ruling coalition sources. “Parties […]
<strong>UK Premier Boris Johnson Scrapes Through in Confidence Vote</strong>
By Laurie Laird LONDON (MaceNews) – UK Prime Minister Boris Johnson survived a parliamentary confidence vote on Monday night, but the scale of his victory raises questions over his authority through the remainder of the parliamentary session. Members of the premier’s Conservative Party voted by a margin of 211 to 148 to affirm Johnson’s position, allowing […]
UK Prime Minister Boris Johnson to Face Vote of Confidence Monday
–PM needs the support of 180 party lawmakers to remain in office By Laurie Laird LONDON (MaceNews) – Embattled UK Prime Minister Boris Johnson faces a snap vote of confidence in the UK parliament Monday evening, putting his controversial premiership at risk. The announcement came after at least 54 members – or 15% — of […]
Bank of Italy Governor Ignazio Visco: Ready To ‘Leave Behind’ ECB Negative Key Rates Policy, Possible Raise this Summer
By Silvia Marchetti ROME (MaceNews) – Bank of Italy Governor Ignazio Visco said on Tuesday that the European Central Bank could be ready to start raising police rates as early as this summer to tackle the ripple effects of the Russian invasion of Ukraine. “Given that the risk of deflation, which had called for the […]
Rome Seeks ‘Booster’ Recovery Funds To Tackle Impact of Ukraine Crisis – Sources
By Silvia Marchetti ROME (MaceNews) – Italy is seeking permanent structural aid at EU-level to tackle the economic impact of the Ukrainian war to shield firms and households, and which would benefit all member states, according to ruling coalition sources. “Just like we did following the COVID pandemic outbreak, the European Union needs a central […]