Italy renews pro-Russia push ahead of European Union summit
22 October, 2018, 00:23 | Author: Elaine Woods
For its part, the worldwide credit rating agency Moody's downgraded Italy's sovereign debt rating Friday to just one notch above junk. That has never happened before.
The latest political news centering on Italy's latest budget pushed the common currency Euro to a fresh 1-week trough on concerns over political tensions within the Eurozone. Italian bonds were closed at the time of the announcement.
The country's prime minister, Giuseppe Conte, said on Saturday that Rome wanted to establish a constructive dialogue with the EU over the budget because it recognised the role of European institutions.
"Given how damaging Brexit is to the European Union project, a loss of Italy would be devastating and to be avoided at all costs - hence I think (that) Italy's hand is quite strong". He insisted the increase in the structural deficit is less than the European Union calculates.
The spread between yields on Italian and German bonds climbed to its highest level in nearly five years on Friday.
Luigi Di Maio, the head of the 5-Star Movement, said Friday that he was sure a solution would be found, adding "we will hardly let the government fall over an amnesty for whoever launders or self-launders money".
"If one breaks these rules", Kurz said, "then this means that Italy is endangering itself, but of course also is endangering others beyond that".
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It listed these strengths as Italy's large and diversified economy, substantial current account surpluses of above 2 percent of GDP, a near balanced worldwide investment position and high wealth levels amongst Italian families.
The head of one of Italy's two ruling parties says the government won't fall over a dispute on the budget draft, which would offer a tax amnesty to Italians with accounts overseas.
Di Maio and his fellow deputy premier, Matteo Salvini of the anti-immigrant League, are unlikely to back down.
While Italy's deficit is well within the 3 percent limit laid out in treaties, the commission has demanded smaller gaps for Italy to bring down its debt load, the largest in Europe in absolute terms and second only to Greece's as a percentage of the economy.
"Italy's government debt standing at around 130% of GDP, our preliminary assessment also indicates that Italy's plans would not ensure compliance with the debt criterion benchmark ... which requires a steady reduction of the debt level towards the 60% threshold", the letter said". The government targets growth of 1.5 percent in 2019, followed by 1.6 percent and 1.4 percent in the following years.
Moody's said the planned measures should boost the country's output, but predicted that they would have less impact than the government was predicting.
Until yesterday Uruguay was the only country to have legalized the entire value chain for adult recreational use of marijuana . Activist Dana Larsen of Sensible BC says he'll be handing out free joints and seeds at the legislature between 3 and 6 p.m.
The operation, Exercise Clear Sky 2018, featured around 950 service members from nine nations across the world. The crash occurred in the Vinnytsia region, around 180 kilometers (110 miles) southwest of Kiev.
The queen hosted a champagne luncheon for the guests just after the ceremony, with a second reception planned for the evening. The wedding featured a live performance from opera singer Andrea Bocelli .
In the morning, another woman devotee, Leby, was reportedly stopped from entering Pamba at Pathanamthitta town, some 40kms away. While women devotees were stopped from entering the temple, multiple reporters were mobbed and attacked in Nilakkal.
This will be followed by a trip to a local property to see first-hand the hardships farmers are facing with the drought. If pregnancy has affected Meghan's energy, it has not stopped her bringing a new approach to the royal tour .
If that doesn't happen and Ramsey continues to not perform well then Arsenal might lose one of its stars in summer. Arsenal manager Unai Emery said recently that Ramsey's contract situation would not affect his performances.
Kershaw allowed two hits over eight shutout innings, struck out three and walked none in the best postseason outing of his career. Going back to the regular season, Chacin hasn't allowed more than one run in a start since September 21.
According to eyewitnesses, unknown men arrived in two vehicles and parked at the hotel before Mr Dewji got there. He promised in 2016 to donate at least half his fortune to philanthropic causes, Forbes said.
Donald Trump has threatened to send the USA military to close the border with Mexico in angry early-morning tweets. Any who decide to cross illegally and are caught will be detained and deported, the Mexican government has said.
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The president on Wednesday called Saudi Arabia an important ally, noting it is an important customer for USA military exports. Mr Khashoggi had fled the country a year ago amid the rise of Prince Mohammed, whom he wrote critically about in the Post .
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The kingdom has called such allegations "baseless" but has not offered any evidence Mr Khashoggi ever left the consulate. Asked when the public prosecutor could make an announcement, the official said: "He was instructed to work quickly".
Netflix shares soar as it announces 6.96m new members
Analysts were expecting 7.7 million - 1.6 million in the United States and 6.1 million internationally, according to Instinet. Netflix added 5.15 million subscribers in the second quarter of 2018, missing management's original forecast for 6.2 million.
German train station shut down after woman taken hostage
Cologne police said they have closed parts of the western German city's main train station because of a hostage situation. Ambulances and heavily-armed police were lined up behind the train station, the daily Koelner Stadt-Anzeiger reported.
Ariana Grande, Pete Davidson reportedly call it quits
The pair has been inseparable since they got engaged in May after Davidson, 24, lavished the singer with a $100,000 diamond ring. "I have no wish", Grande wrote on a photo of Davidson on her Instagram Story on June 25, the night before her 25th birthday.
Two deaths blamed on Hurricane Michael
The US national guard has reached the town, dubbed "ground zero", and found 20 people who survived a direct hit from Michael. Thousands of homes and businesses were blown apart as Michael cut its swath across the Florida Panhandle and into Georgia.