Economy

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.

Pope: Priestly abuse scandals driving Catholic faithful away

Sep 26, 2018

Pope Francis has acknowledged that priestly sex abuse scandals are outraging the Catholic faithful and driving them away, and says the church must change its ways if it wants to keep future generations

EU looks to Egypt, Africa for help with migrant challenge

Sep 20, 2018

EU leaders agree to enter talks with Egypt to help stem the flow of migrants entering Europe from Africa and have offered to step up economic cooperation and the prospect of a high-profile summit in Cairo as incentives

EU President Tusk says British proposals on Irish border, economy "need to be reworked."

Sep 19, 2018

EU President Tusk says British proposals on Irish border, economy "need to be reworked."

Cyprus expects budget surplus for 2019

Sep 13, 2018

Cyprus' 2019 budget to post 500 million euro ($579 million) surplus, or 3 percent of gross domestic product

Eurozone industrial activity falls at start of third quarter

Sep 12, 2018

Official figures show that industrial production across the 19-country eurozone fell sharply during July, the latest signal that economic growth across the bloc faltered at the start of the third quarter

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