Tag Archives: italy

Mario Draghi was sworn in on Saturday as prime minister in Italy, following weeks of an unprecedented crisis in the third economies of the euro area. “I swear to be loyal to the republic,” echoed the former president of the European Central Bank. He was standing in front of President …

Former President of the European Central Bank (ECB) Mario Draghi, who was recently named as Prime Minister to form a new technocratic government in Italy has gained the support of a major party, moving a step closer to forming his cabinet. On Thursday, the majority of the members of the …

The President of Italy, Sergio Mattarella, has asked the former President of the European Central Bank (ECB), Mario Draghi, to form a new technocratic government. This comes after the previous government, led by Prime Minister Giuseppe Conte lost its majority in the Italian Senate after the centrist party “Italia Viva” …

Italian Prime Minister has officially resigned, Reuters reported on Tuesday, citing a statement released by the President’s office. The press release further revealed that the President will start consultations with political parties on Wednesday on how to resolve this crisis.

The Prime Minister of Italy, Giuseppe Conte, is set to resign from his post on Tuesday, his office announced on Monday. The Prime Minister is looking forward to being re-appointed by President Sergio Mattarella to form a new coalition government. The current government lost its majority in the Italian Senate …

The Italian government approved on Monday its budget for next year, with a reduced level of targeted deficit, Reuters reported. The 2021 budget has set a target of a 7% fiscal deficit compared to the Italian gross domestic product (GDP), down from 10.8% in 2020. However, it is expected that …

National Statistics Institute said in its monthly report today, Friday, that Italian key economic indicators have returned to levels that were only recorded before the emergency health crisis of Coronavirus, but expectations for the coming months are still shrouded in uncertainty. Last week’s data showed that Italy’s GDP 16.1%, much …

Competition authorities in Italy are investigating the cloud storage services run by Apple, Dropbox, and Google, CNBC reported. The Italian Competition and Market Authority has reportedly launched a total of six investigations into Google Drive, the iCloud and DropBox, after several complaints for unfair practices. The complaints involve how the …

Italian Economy Minister Roberto Gualtieri said that the country’s GDP will shrink by slightly more than 8%, stressing that production in Q3 will record a “strong recovery.” The Office for National Statistics said last week that the economy witnessed a record contraction of 12.8% in Q2 compared to the previous …

The Italian Senate approved on Tuesday a request by Italy’s Prime Minister Giuseppe Conte to extend the state of emergency until October 15, in order to maintain preventive measures against the COVID-19 crisis. The move was supported by 157 votes and opposed by 125, Reuters reported. A six-month state of …