First female premier poised to take helm of Italy government
A party with neo-fascist roots has won the most votes in Italy’s national election, setting the stage for talks to form the country’s first far right-led government since World War II, with Giorgia Meloni at the helm as Italy’s first female premier.
What Will Be Different About Italy’s Snap Elections
Barring any surprises, Italy is on track to have its first far-right prime minister, following the collapse of Prime Minister Mario Draghi’s government. Elections are scheduled for Sunday -- the first to be held since constitutional changes were adopted that shrank the size of the two parliamentary chambers. It also comes as the euro area’s third-largest economy -- and one of its most indebted -- is contending with the fallout of soaring energy prices, rising interest rates and Russia’s invasion
washingtonpost.comFloods in Italy kill 10; Survivors plucked from roofs, trees
In one town, the powerful rush of water pushed a car onto a second-story balcony, while elsewhere parked vehicles were crumpled on top of each other in the streets. “It wasn't a water bomb, it was a tsunami," Riccardo Pasqualini, the mayor of Barbara, told Italian state radio about the sudden downpour Thursday evening that devastated his town in the Marche region near the Adriatic Sea.
news.yahoo.comWhat Will Be Different About Italy’s Snap Elections
Italy has become synonymous with political turbulence, with the collapse of Prime Minister Mario Draghi’s ruling alliance the latest example of how tenuous a hold its leaders have on power. Elections are scheduled for Sept. 25 -- the first to be held since constitutional changes were adopted that shrank the size of the two parliamentary chambers. A right-wing coalition appears on track for a landslide victory in the vote, which comes as the euro area’s third-largest economy -- and one of its mos
washingtonpost.comItaly is on its way to being run by ‘post-fascists’
Brothers of Italy’s charismatic leader Giorgia Meloni has capitalized on a morass of public discontent over long-running problems. Like other far-right leaders in Europe, she rages against the country’s perceived inexorable decline.
washingtonpost.comHow Italy’s Political Drama Forced an Election
Italy is never far from a political crisis. But the elections set for Sept. 25 will be exceptional even by Italian standards, where 67 governments have taken turns since World War II. Europeans are grappling with an energy crunch and concern that higher interest rates could touch off a panic about heavily indebted countries -- like Italy. Then there’s the likely rise of Italy’s anti-immigration right-wing parties and the exit of Prime Minister Mario Draghi, the former central banker who was seen
washingtonpost.comWhy Europe Has a New Weapon for Bond ‘Fragmentation’
The European Central Bank is trying to avoid a sovereign-debt storm after raising interest rates for the first time since 2011. It’s concerned about how markets might push up borrowing costs for some of the more vulnerable nations that use the euro -- such as Italy. That sort of potential blowup in government bond yields is known as “fragmentation.” So the ECB has devised a new weapon to curb market stress, a signal of its determination to fight the forces that almost destroyed the common curren
washingtonpost.comWhy Europe Has a New Weapon for Bond ‘Fragmentation’: QuickTake
The European Central Bank is trying to avoid a sovereign-debt storm after raising interest rates for the first time since 2011. It’s concerned about how markets might push up borrowing costs for some of the more vulnerable nations that use the euro -- such as Italy. That sort of potential blowup in government bond yields is known as “fragmentation.” So the ECB has devised a new weapon to curb market stress, a signal of its determination to fight the forces that almost destroyed the common curren
washingtonpost.comEXPLAINER: Who gains or loses, what's next in Italy crisis
Italian Premier Mario Draghi’s decision to turn in his resignation after his “unity” coalition broke apart dramatically in Parliament was the latest step in a political crisis that could take months before a new government is solidly in place to lead the European Union’s third-largest economy
washingtonpost.comEXPLAINER: Who gains or loses, what's next in Italy crisis
Italian Premier Mario Draghi's decision to turn in his resignation after his “unity” coalition broke apart dramatically in Parliament was the latest step in a political crisis that could take months before a new government is solidly in place to lead the European Union's third-largest economy.
Why the ECB Needs New Tools for Bond ‘Fragmentation’
The European Central Bank is trying to prevent a sovereign-debt storm with the promise of a new tool to curb market stress as it raises interest rates for the first time in a decade. The effort gained urgency after the yield on Italian government bonds breached 4% in June, the highest since 2014. Investors viewed the renewed push to tackle so-called fragmentation as evidence that policy makers are fighting to prevent borrowing costs of the nations that share the common currency from diverging ex
washingtonpost.comWhy Europe Needs New Tools for Bond ‘Fragmentation’: QuickTake
The European Central Bank is trying to prevent a sovereign-debt storm with the promise of a new tool to curb market stress as it raises interest rates for the first time in a decade. The effort gained urgency after the yield on 10-year Italian bonds breached 4% in June, the highest since 2014. Investors see the renewed push to tackle so-called fragmentation as evidence that policy makers are fighting to prevent borrowing costs of euro nations from diverging excessively. That’s a dynamic that thr
washingtonpost.comDrone search resumes on Italian glacier after avalanche
Rescuers using drones are resuming the search for an estimated 13 people unaccounted-for following an avalanche in northern Italy that killed at least seven people and is being blamed in large part on rising temperatures that are melting glaciers
washingtonpost.comDraghi: G-20 presidency says Putin won't go to Bali meeting
The Indonesian presidency of the Group of 20 nations has ruled out in-person participation by Russian President Vladimir Putin at the November meeting of the group in Bali, Italian Premier Mario Draghi said Tuesday. The Nov. 15-16 summit had risked awkward diplomatic encounters if Putin were to have come, or the specter of Western leaders not even showing up given Russia's war in Ukraine. The issue was a topic at the smaller Group of Seven summit in Germany that wrapped up Tuesday and included leaders from five major emerging democratic economies — India, Indonesia, Senegal, South Africa and Argentina — which don't all share the G-7's views on the war in Ukraine or on sanctions against Russia.
news.yahoo.comLeaders pledge arms and EU path for Ukraine in Kyiv visit
Four European leaders expressed support for Ukraine while meeting in Kyiv with President Volodymyr Zelenskyy, vowing to back the country’s candidacy to eventually join the European Union and offering more weapons to fend off Russia’s invasion.
European Central Bank vows backstop against market turmoil
The European Central Bank has vowed to come up with a new, unspecified market backstop that could be used to buffer some countries against bond market turmoil similar to what shook the 19-country eurozone during a debt crisis more than a decade ago.