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Ex-Ilva steelworkers to strike as shutdown threatens thousands of jobs

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Economy

US borrowing expected to rival Europe’s most indebted states, says IMF

The United States is on track to record the steepest debt increase among major economies, according to the IMF — surpassing levels in Italy and Greece for the first time this century.

Economy

Italian budget: Politicians clash over tax raise on short-term rentals

The 2026 budget plan, worth around €18 billion, is expected to reach Parliament in the coming days. It includes a wide range of measures such as an income tax cut and bonuses for working mothers. More divisive, however, is a proposal to increase the flat tax on short-term rentals.

Economy

Rome clears EU-bound budget draft with healthcare trims

With the EU’s filing deadline looming, Rome approved its draft budget plan on Tuesday and will reconvene this Friday to lock in the tax cuts and funding. That's before sending the full budget bill to parliament by 20 October.

Economy

Italy’s business elite urge Meloni to act faster on economic reforms

As growth stagnates and reforms stall, investors are watching whether Giorgia Meloni can turn her political staying power into a new story of competitiveness and economic confidence.

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Economy

Italy eyes 3% EU deficit target this year, ahead of schedule

According to Prime Minister Giorgia Meloni’s government, the public deficit is at 3% already this year, bringing the Italian budget back on track with the European Union's finance rules.

World News

Italy's beach tourism: A sector in crisis or changing taste?

Empty beaches and high prices have been making headlines this summer in Italy. Industry groups report a significant drop in visitors, but managers and associations disagree over the real cause.

Economy

Inflation in France, Spain and Italy was lower than expected in August

Inflation remained subdued in three of the four biggest economies in the European Union, fuelling hopes that the European Central Bank will not see the necessity to change the key interest rates in September.

Economy

Eurozone disinflation on track as price pressures ease in Germany

Inflation eased across major eurozone economies in May, with Germany holding at 2.1%, Spain falling to 1.9% and Italy to 1.7%, reinforcing expectations of cooling price pressures ahead of next week’s euro area data.

Economy

Italy sees moderate GDP rise and sharply falling deficit in 2024

The European Union’s third-largest economy expanded by 0.7% in 2024, fuelled by domestic consumption and increased exports. The budget deficit sharply dropped compared to the previous year.

Economy

Inflation in France hits its lowest level in four years in February

France is standing out from the crowd, other leading European economies including Germany and Spain reported higher inflation for February.

Business

UniCredit threatens to drop Banco BPM bid if Anima offer cost rises

UniCredit offered to buy the second largest Italian bank Banco BPM for €10bn in late November last year. The acquisition was a counter offer by UniCredit after BPM's bid to buy Anima for €1bn - to boost its asset management fee income amid falling interest rates.

Europe News

Vatican's 2025 Jubilee: Economic boost or missed opportunity?

Rome anticipates a €17 billion economic boost from the 2025 Jubilee, though experts caution that estimates might be overblown and housing costs could rise.

Europe News

Thousands of public sector workers take to streets in Italy

Unions stated that salary raises for public servants included in the budget law are not enough to bridge the gap with high inflation rates in the past three years.

Healthcare

Italy spent over €1 billion on dozens of ‘drugs to avoid’ in 2022

An independent researcher said the results should spark a re-evaluation of some medicines, but do not necessarily mean patients are being harmed.

Business

Italian car workers go on strike as pressure mounts on Stellantis

Workers in Italy's troubled automotive sector are holding a national strike for the first time in 20 years.

Economy

Will Italy's ambitious Structural Budget Plan solve its debt problem?

Italy's ambitious Structural Budget Plan aims to steer the country out of the European Union's Excessive Deficit Procedure by 2026, but economists warn aggressive fiscal tightening could harm growth and risk recession.