Economy

The Latest: Tusk says new thinking required in Brexit talks

Oct 16, 2018

European Council President Donald Tusk says new thinking is required to end the Brexit standoff and is likening the Irish border problem to the mythical Gordian Knot that cannot be untied.

Iceland seeks financial crash closure with last prosecution

Oct 15, 2018

Ten years after becoming one of the symbols of the 2008 global financial crisis, Iceland is still dealing with the aftermath

Students protest Italy's spending plans, burning effigies

Oct 13, 2018

Students across Italy demonstrated against the government's education funding plans, in the first widespread show of dissidence against the new populist government.

Italian parliament approves controversial spending targets

Oct 11, 2018

Italy's parliament has approved deficit-raising spending targets, defying markets and Italy's eurozone partners that have been pressing for changes

Italian government pleases markets with softer deficits

Oct 3, 2018

The Italian government has softened budget deficit targets that have alarmed investors and eurozone partners, saying they would be gradually lowered after 2019

Italy digs in on spending, jolting markets and worrying EU

Oct 2, 2018

Concern about the spending plans of Italy's new populist government's is shaking the country's financial markets again.

Eurozone nations sharply criticize Italian spending plan

Oct 1, 2018

Eurozone nations put Italy under immediate pressure over what they see as budget proposals which would pile on even more debt on its own citizens and skirt the rules of good fiscal housekeeping among the 19 nations sharing the currency

Italian stocks slide on populist government's spending plans

Sep 28, 2018

Italy's stock market has plunged after the new populist government announced a sharp public spending increase that will push the budget deficit to 2.4 percent of gross domestic product next year

Italian budget to promote growth, not seek austerity

Sep 26, 2018

Italy's economy minister says that the first budget by Italy's new government will include a basic income scheme sought by one of the main governing parties

Czech central bank again lifts key interest rate

Sep 26, 2018

The Czech Republic's central bank has raised its key interest rate for the third time since June, by a quarter point to1.50 percent.

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