Italy Financial Crisis
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Italy's Mafia Clan Seeks To Profit From Coronavirus Crisis: Prosecutors
Italy's mafia clans are taking advantage of the coronavirus pandemic to buy favour with poor families facing financial ruin, prosecutors and officials say, and are offering loans and food in what is seen as an age-old recruitment tactic.
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France Takes On Italy, Calls For Sanctions Against Countries Refusing Migrants
EU states that refuse to accept migrants should face financial penalties, French President Emmanuel Macron said Saturday, prompting a furious response from Rome on the eve of an emergency mini-summit in Brussels about the escalating crisis dividing Europe.
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Carlo Cottarelli, The 'Mr Scissors' Technocrat Who Could Become Italy's PM
Carlo Cottarelli, a former International Monetary Fund director, will face an uphill battle should, as expected, he is tasked with forming a technocrat government for Italy in the midst of a deep political crisis and populist rage at the financial "elite".
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Court Approves MV Agusta Debt Restructuring Plans
An Italian court has allowed motorcycle brand MV Agusta 's new business plant to restructure its debt with creditors and suppliers. The court order in Varese, Italy, may well result in MV Agusta closing its investment deal with the Black Ocean Group, an Anglo-Russian private equity firm. Latest reports speculate that Black Ocean could take over the...
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Thousands rally against austerity in Rome
Thousands of people took to the streets of Rome on Saturday for an anti-austerity protest, with a massive security presence amid fears of clashes.
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Pope blames speculation, corruption for 'scandalous' food crisis
Pope Francis said on Thursday that financial speculation and corruption were keeping millions of people in hunger and the financial crisis could not be used as an alibi for failing to help the poor.
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Squatters of Rome scrape by at the margins in Italy's crisis
When Mariangela Schiena moved to Rome from southern Italy 11 years ago, all she hoped for was a simple life, with a roof over her head and a home where she could start a family.
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Can new Prime Minister Mario Monti rescue Italy?
Economist Mario Monti accepted the monumental task Sunday of trying to form a new government that can rescue Italy from financial ruin, expressing confidence that the nation can beat the crisis if its people pull together.
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Italy's Mafia Clan Seeks To Profit From Coronavirus Crisis: Prosecutors
Italy's mafia clans are taking advantage of the coronavirus pandemic to buy favour with poor families facing financial ruin, prosecutors and officials say, and are offering loans and food in what is seen as an age-old recruitment tactic.
-
France Takes On Italy, Calls For Sanctions Against Countries Refusing Migrants
EU states that refuse to accept migrants should face financial penalties, French President Emmanuel Macron said Saturday, prompting a furious response from Rome on the eve of an emergency mini-summit in Brussels about the escalating crisis dividing Europe.
-
Carlo Cottarelli, The 'Mr Scissors' Technocrat Who Could Become Italy's PM
Carlo Cottarelli, a former International Monetary Fund director, will face an uphill battle should, as expected, he is tasked with forming a technocrat government for Italy in the midst of a deep political crisis and populist rage at the financial "elite".
-
Court Approves MV Agusta Debt Restructuring Plans
An Italian court has allowed motorcycle brand MV Agusta 's new business plant to restructure its debt with creditors and suppliers. The court order in Varese, Italy, may well result in MV Agusta closing its investment deal with the Black Ocean Group, an Anglo-Russian private equity firm. Latest reports speculate that Black Ocean could take over the...
-
Thousands rally against austerity in Rome
Thousands of people took to the streets of Rome on Saturday for an anti-austerity protest, with a massive security presence amid fears of clashes.
-
Pope blames speculation, corruption for 'scandalous' food crisis
Pope Francis said on Thursday that financial speculation and corruption were keeping millions of people in hunger and the financial crisis could not be used as an alibi for failing to help the poor.
-
Squatters of Rome scrape by at the margins in Italy's crisis
When Mariangela Schiena moved to Rome from southern Italy 11 years ago, all she hoped for was a simple life, with a roof over her head and a home where she could start a family.
-
Can new Prime Minister Mario Monti rescue Italy?
Economist Mario Monti accepted the monumental task Sunday of trying to form a new government that can rescue Italy from financial ruin, expressing confidence that the nation can beat the crisis if its people pull together.
