Italy’s Meloni Pushes Through Parliament the Direct Election of the Prime Minister
By Silvia Marchetti ROME (MaceNews) – Italy’s rightist leader Giorgia Meloni is pushing through parliament a key constitutional reform to boost powers of the head of government by introducing the direct election of the prime minister, which opposition sources warn would concentrate too much power in the hands of one single person. Last week, right […]
Italy’s Meloni Takes More Moderate Stance to Lure Bond Investors, Centrist Voters
By Silvia Marchetti ROME (MaceNews)- After more than a year in power, Italian Prime Minister Giorgia Meloni is getting a ‘political makeover’ to take a more moderate stance and lure investors willing to support the country’s funding needs, say opposition forces. “She’s abandoning her neo-fascist rhetoric and revisiting her hard core, nationalist rightist policies in […]
White House and Other Schedules for Monday, Oct 23
WASHINGTON (MaceNews) – The following are Monday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULEFOR MONDAY, OCTOBER 23, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. […]
Support for Italian PM Drops Over Deteriorating Economic Outlook
–Little fiscal room for tax cuts — Govt to raise yearly debt issuance to €350bln By Silvia Marchetti ROME (MaceNews) – For the first time since her appointment as Italian prime minister one year ago, support for Giorgia Meloni is dropping as voters fear she will not deliver promised tax cuts amid a deteriorated outlook […]
Italy Aims for Tax Cuts for Low Earners in €30 Bln Budget Law; Scarce Resources and Thorny Spending Review Complicate Scenario
—Potential EU delay of new fiscal rules poses more trouble ahead By Silvia Marchetti ROME (MaceNews) – Italy’s government is working on a EUR30 billion budget plan for next year in a bid to cut income taxes for low earners but officials warn that resources are very limited and they worry that a potential delay in the […]
Italy’s Likely Rejection of the ESM Reform Would Leave Bank Contagion Risk Unaddressed in Euro Bloc – Italian Opposition Sources
–Italy Is Lone Holdout Opposing New Rules to Manage Bank Crisis By Silvia Marchetti ROME (MaceNews) – Italy’s likely rejection of the European Stability Mechanism reform plan, with its common backstop credit line for failing banks, leaves the Eurozone at risk of financial meltdown if a big bank falters, warned Italian opposition sources. The ruling […]
Japan PM Kishida Rules Out Dissolving Lower House During Current Session but Expectations for Snap Election This Year Stay Alive
By Max Sato (MaceNews) – Japanese Prime Minister Fumio Kishida late on Thursday denied he was considering dissolving the lower house of parliament during the current 150-day ordinary Diet session ending on June 21 but expectations for a snap election this year, possibly in the fall, remain alive. Kishida’s recent remarks had stirred speculation that […]
Italy’s PM Eyes Stronger US-Style Presidential System but Road Uphill
—Complex approval process ahead, potential referendum risky for Meloni By Silvia Marchetti ROME (MaceNews) – Italy’s rightist prime minister Giorgia Meloni wants to pass a key constitutional reform to boost powers of the head of government with the possibility of introducing a US-style direct election of the country’s leader, according to ruling coalition sources. It […]
Commentary: US Debt-Limit ‘Impasse’ Sees Biden Holding the High Cards
By Denny Gulino WASHINGTON (MaceNews) – When members of Congress prepare to leave on their next recess the Friday before Memorial Day, the debt-limit showdown will likely have been decided and House Speaker Kevin McCarthy will likely have seen his carefully built barriers to agreement be demolished like toothpicks in front of a freight train. […]
Italy Risks Losing Up To €44 Billion in EU Pandemic Aid, Unable to Use Funds
-Bureaucracy, delays, technical issues are main cause -PM Meloni wants to re-negotiate new targets with Brussels By Silvia Marchetti ROME (MaceNews) – Italy’s rightist government risks losing some EUR 44 billion of European direct pandemic aid, and potentially even more, as it struggles to use all the money within set targets and timelines. Both opposition […]