He made the remarks in a meeting with the second-in-command of the Italian navy on the sidelines of 10th anniversary of IONS establishment in Kochi, a major port city on the southwest coast of India.
The Italian Ministry of Defense may use two satellites to replace a single existing satellite so that it can use the Italian-led Vega C or Vega E rocket, according to a defense official.
Lt. Col. Luigi Mauro, head of the Italian Ministry of Defence’s Satcom Systems Section, said the Italian government approved last year a replacement for Sicral-1B, a 3,000-kilogram military communications satellite that launched on a Sea Launch Zenit-3SL rocket to geostationary-transfer orbit in 2009.
Italy’s Finance Minister Giovanni Tria said on Monday the country’s budget for next year will not change despite calls from EU peers and the EU Commission to amend it so that it would be in line with European Union laws.
The Italian government elected this summer has a number of similarities with the SYRIZA-Independent Greeks coalition that came into office in Greece in early 2015 and jolted the eurozone with its apparently defiant policy that led to a three-week shutdown of the country’s banks, the imposition of strict capital controls, a divisive referendum and a fresh bailout program worth 86 billion euros. Now it is Rome that appears to be pursuing a quasi-defiant policy toward the eurozone.
(3.August 2006) The ground battle inLebanon is widening, but on the eve of a new United Nations Security Council decision on the Israeli- Hizbullah conflict, its days may be numbered. Prime Minister Ehud Olmert is already dealing with “the day after,” the diplomatic arrangement that will install an international force north of the Blue Line to replace the Israeli army.
For her part, Del Re has praised Sudan’s efforts to resolve regional issues under the auspices of the regional bloc, Intergovernmental Authority on Development (IGAD).
A two-day convention organized by Italy’s anti-establishment Five Star Movement has wrapped up in Rome. Thousands of attendees expressed support for the Italian government’s plan to flout the EU’s budgetary rules.
During a visit to Moscow, Matteo Salvini, Italy’s staunchly pro-Moscow deputy prime minister, said that Rome might block the renewal of sanctions that have been in place since 2014 when Russia annexed Crimea.
Italy is risking a clash with the EU over its budget and its threat to veto the renewal of Russian sanctions.
Lined up against him is French President Emmanuel Macron, who is seeking to unify Europe’s mainstream parties in defense of European principles and greater integration
TENSIONS between Italy and the EU may result in a new revolt as only 44 percent of Italian people now believe Italy has benefited from its membership to the Brussels bloc, the latest European Commission poll has revealed.
he European Union is „very likely“ to reject Italy’s controversial new budget proposals, according to the EU’s budget commissioner.
A publication in German media outlet Der Spiegel had earlier reported that the EU had already rejected its draft spending plan and a letter to that effect was already on its way to Rome.
Rome, December 18 – Rome’s central Piazza del Popolo was filling up with protesters from the anti-austerity Pitchfork Movement as demonstrators prepared to launch a large-scale protest against the government Wednesday.
(16.5.2018) “I have the impression that [EU member states] have the false impression that everything’s fine, but everything’s not fine and the job is half done,” Olivier Guersent, director general for financial stability, financial services and capital markets union, said at the annual conference of the Single Resolution Board (SRB) in Brussels.
Politicians need “a big enough crisis for them to be scared enough, but not big enough to kill us”, to finish the banking union project, he added.
Europe’s fund for helping failing banks is expected to swell to almost €33 billion ($38 billion) in 2019, up from nearly €25 billion earlier this year,
As well, the board’s decisions must be approved by EU finance ministers, leading some critics to say the process will be very complex. In a second step, governments will contribute to a resolution fund by imposing levies on banks over 10 years for a total of about 55 billion euros.
Since March 2017, enormous ships have been calling at Livorno on a monthly basis. The ships unload and load weapons that are continuously transported to the ports of Aqaba in Jordan, Jeddah in Saudi Arabia and other Middle Eastern ports. U.S. forces and allies use these weapons in the wars in Syria, Iraq and Yemen.
(17.3.2011) 7.16pm ET: Italy announces it is opening its air force and naval bases in Sicily for operations against Libya – the obvious spot to base US and British jets.
The Berlusconi government may have had relatively warm relations with Libya, but Italy’s Nato obligations gave it little choice but to allow other members to use its bases.
(14.5.2011) Italy has actively participated in the bombing of Libya since April 28. Day and night, Italian fighter jets take off from Birgi Trapani air force base in Sicily and from the aircraft carrier Garibaldi to drop their deadly cargo over the former Italian colony.
Italy’s migrants are often victims of new forms of slavery, President Sergio Mattarella said today, urging Italians not to “look away” from the problem.
Finance police on Wednesday raided the offices of the transport ministry, the public works authority in Liguria and Spea Engineering in a probe into the August 14 collapse of Genoa’s Morandi Bridge that killed 43, sources said.
The police seized documents at all the offices, the sources said.
The raids took place in Rome, Milan, Florence and Genoa, sources said.
(24.6.2018) At the end of last month, European Commissioner Günther Oettinger scolded rebellious Italian voters who are fed up with European Union bureaucrats and European Central bankers dominating their country. “The market will teach Italians how to vote,” Oettingerm said.
He had made this remark when it seemed Italy was heading toward fresh elections after the latest political crisis. At the time the spread between Italian and German bonds jumped more than 300 points, aggravating Italy’s heavy public debt. In other words, Oettinger was convinced that the need for financial stability would force upstart Italian voters to get back in line with what the bankers want.
(30.3.2016) Salvini said that the pair also agreed on the need to intervene „in any way possible“ against ISIS, including with action on the ground, „above all in Libya“.
He said they both thought that migrant flows brought „dangers of all kinds“. Salvini also visited Jerusalem’s Yad Vashem Holocaust Museum and blasted Islamist extremists as today’s Nazis.
„The new Nazis are those who kill in the name of Allah,“ he said.
As a board member, Fubini brings economic expertise and important insights and connections to members of Italy’s media and political institutions. He is an insightful analyst both of the Italian and of the European economic and political scenes, and an influential opinion maker in his home country.
By activating a Fiscal Money program, Italy would solve its output gap problem without asking anything of anybody. No European treaty revisions would be required. No financial transfers would be needed. Public debt would stop growing and start declining relative to GDP, thus attaining the EU fiscal goals under the Maastricht Treaty.
(1.3.2018) MATTEO Renzi has urged Italian supporters of anti-establishment 5 Star Movement’s (M5S) to remember they are “voting for government not fantasy football” when they head to the polls in the Italian elections 2018.
The Sunday scenario was an exact repeat of an earlier drama involving Italy and Malta, when they barred the French charity-run Aquarius rescue ship, carrying 630 migrants, from docking at their ports.
Giorgio Lattanzi, the president of Italy’s Constitutional Court, said Friday that forming a register of people of Roma ethnicity would be a breach of the charter.
The Italian prime minister, Giuseppe Conte, yesterday threatened to pull out of an emergency European migration summit called to help save Angela Merkel’s government, and had to be won round in phone calls with the embattled German chancellor.
The issue has returned most visibly in Italy, where Matteo Salvini, leader of the anti-immigrant League, lost no time in falling out with some close European allies over his decision to deny access to port for a refugee vessel. But it’s also forced uncomfortable decisions in Spain and is threatening Chancellor Angela Merkel, who faces renewed domestic turbulence over her open-door stance on migrants that could yet spell her early departure.
(24.5.2018) Italy’s partners in the euro lined up in Brussels on Thursday to urge the new government in Rome to stick to EU budget rules or risk following Greece into financial calamity that would hurt the whole of Europe.
Italy must solve its debt problem on its own, German Finance Minister Olaf Scholz said Friday.
But now they have understood that there is a government that does not say yes about everything, that it is ready to collaborate but in the interest of the Italians „.
Some 2.8 million Italians have been forced to dip into their savings and even sell their homes, it said.
„We’ll get it there because we have the men (needed) to be treated on the same terms as the other European countries“. He also said that the new government will abolish the centre-left’s Jobs Act labour reform „at once“ because this has „made work precarious“.
„Work is necessary for everyone and it must be dignified. You cannot have starvation salaries,“ he said.
United States Treasury Secretary Steven Mnuchin replied „absolutely not“ when asked if he was worried about the new government in Italy on the fringes of the meeting of G7 finance ministers and central bank governors in Whistler, Canada.
New Interior Minister Salvini said new EU Minister Paolo Savona will try to „renegotiate certain EU rules.“ Salvini also said he would find „convergence“ with the Catholic Church on his planned crackdown on undocumented migrants. „I have started to cultivate useful and numerous relations with various exponents of the Catholic world,“ said the anti-migrant League leader. „We’ll work together, we’ll amaze you, we will decidedly find convergences“.
The new Italian government, led by Giuseppe Conte, was sworn in at Quirinale Palace in Rome on Friday.
(30.5.2018) Mr Oettinger was forced to apologise for his comments after Italy’s populist Five Star Movement and Lega, reacted strongly to the calling the statement “absurd”.
European Council President Donald Tusk, tweeted an “appeal” to EU institutions, saying “please respect the voters, we are there to serve them, not to lecture them”.
The Dutch central Bank, the DNB, mentioned Italy as a risk factor in its spring Financial Stability Report on Friday. „One of the main threats to financial stability is a sudden increase in interest rates due to growing risk premiums,“ the report said.
„Italians corrupt and lazy?,“ Salvini said on Facebook. „Shameful and racist words, with the next government we will see we get the rights and dignity of 60 million Italians respected, who expect collaboration and not insults from Europe“.
European commission president says Italy’s problems can’t all be blamed on the EU
Rome Tor Vergata University economics lecturer Giovanni Tria is now being touted as a possible economy minister, sources said.
Savona would move to European affairs and Enzo Moavero Milanesi, a former EU affairs minister, would be foreign minister, the sources said.
The leader of Italy’s anti-establishment 5-Star Movement on Wednesday appealed to the far-right League to drop its insistence that euroskeptic economist Paolo Savona should be economy minister in a government of the two parties.
Italian President Sergio Mattarella is ready to appoint a new premier, but he’s still waiting on a signal from the populists who denounced him as an enemy of democracy.
The following banks are affected by today’s rating actions:
UniCredit S.p.A., Intesa Sanpaolo S.p.A., Banca IMI S.p.A., Cassa Depositi e Prestiti S.p.A., Mediobanca S.p.A., FCA Bank S.p.A., Banca Nazionale Del Lavoro S.p.A., Credito Emiliano S.p.A., Credit Agricole Cariparma S.p.A., Cassa Centrale Raiffeisen S.p.A., Invitalia S.p.A. and Banca del Mezzogiorno – MCC S.p.A.
League leader Matteo Salvini, however, said he hoped to form a government with the M5S but rejected the M5S’s idea of moving Savona. He said he wanted „the same team“ and that Di Maio had agreed that Savona was the best man for the job of representing the government’s economic position in Brussels.
Di Maio was answering a question about the possibility of the M5S not voting against a technocrat executive led by former IMF official Carlo Cottarelli.
Another poll on Monday showed the League jumping 10 points to 27.5 percent and the 5-Star falling about three points to 29.5 percent. In both cases, the two would have a majority in parliament if they decided to join forces as they did after the March vote.
Strategists said the turbulence and concerns about Italy may be enough to slow down Federal Reserve’s rate hikes this year, despite an improved U.S. economy.
Apparently, even if the people vote for him, no one can hold a cabinet office in Italy without pledging allegiance to the euro.
Almost every expert agrees that the conflict between the president and the coalition government’s proposed cabinet members is a constitutional gray area.
European Central Bank chief Mario Draghi helped end the 2012 crisis by promising to do “whatever it takes” to stabilize markets. But Marcus Ashworth notes the ECB is treating Italy’s agita like a parent reacts to a kid’s demand for ice cream – by saying, “We’ll see.” Until the ECB puts its money where its “whatever” is, contagion will continue, Marcus warns.
League leader Matteo Salvini said „we are not at the market“ on Wednesday when asked about 5-Star Movement leader Luigi Di Maio reopening the possibility of a M5S-League government. „It’s also a question of dignity,“ he said.
Luigi Di Maio, the 31-year-old head of M5S, Italy’s largest party, indicated on Wednesday he was prepared to compromise on his controversial choice of a eurosceptic economist, Paolo Savona, for finance minister.
The political situation in Italy and the related turmoil on the financial markets will probably be discussed at this week’s meeting of G7 finance ministers and central bank governors in Whistler in Canada, a senior United States Treasury Department official has said.
„The next elections could become a de facto referendum on Italy remaining in the eurozone,“ one economist said.
Premier designate Carlo Cottarelli met President Sergio Mattarella for informal talks on Wednesday, amid huge uncertainty about Italy’s political situation and turbulence on the financial markets.
ITALY has become “a colony of Germany”, according to a Five Star MEP who lashed out after President Sergio Mattarella brought in his own unelected europhile Prime Minister to keep a eurozone crisis at bay.
Video filmed last night (May 28) in Turin’s Piazza Castello shows supporters of the pro-European Union, left-wing Democratic Party singing the partisan chant „Bella Ciao.“
Italy’s big three trade unions CGIL, CISL and UIL are discussing a joint initiative to support President Sergio Mattarella after criticism of his alleged scotching a populist government by refusing an anti-euro minister, CISL chief Annamrai Furlan said Tuesday.
But in deliberately forcing a new election over the euro, which a majority of Italians say they support, the usually careful and measured Mr. Mattarella expressly put an explosive issue with the potential of transforming Europe front and center. And by using his constitutional powers to block the new government in order to protect Italian savings accounts from increasingly wary markets, he also handed the gifted and gleefully hostile populist parties the talking point of a lifetime before the elections.
5-Star Movement (M5S) leader Luigi Di Maio said Tuesday that the rise in Italy’s bond spread since the effort to form an M5S-League government collapsed showed that the problems lie elsewhere.
With UK traders returning from vacation, Italy woke up to a sheer selling panic as yesterday’s „modest“ selloff mutated into a full-blown liquidation avalanche, lead by a furious repricing of the BTP curve, where 2Y yields exploded another 170 bps higher on the day rising to 2.60% from negative just a few days ago…
@dwnews @eucopresident @EUCouncilPress @GOettingerEU @ItalyMFA
Italy’s two populist parties, the anti-establishment 5-Star Movement (M5S) and the anti-migrant Euroskeptic League, led the reaction but were not alone.
Democratic Party bigwig Carlo Calenda, the outgoing industry minister, for instance, called Oettinger’s intervention „intolerable“ and called for him to apologise or resign.
Anti-establishment 5-Star Movement (M5S) leader Luigi Di Maio on Monday called for mass mobilisation in support of the party’s announced bid to impeach President Sergio Mattarella for allegedly sinking an M5S-League government bid.
„I call citizens to mobilise, make yourselves heard, it’s important that you do it right now. We will organise peaceful and symbolic demonstrations“, Di Maio said, urging „everyone“ to come to Rome for a big demo on June 2, national Republic Day.
Speaking after an international summit on Libya in Paris, Macron hailed the work done with Rome and recalled the „major migratory crisis“ hitting Italy.
Fallout on the financial markets will prompt Italians not to vote for populist parties, European Budget Commissioner Guenther Oettinger of Germany said Tuesday, according to an excerpt from a Deutsche Welle interview to be published tonight.
The man tapped to head a neutral government in Italy after two populists failed in their bid is a former official at the International Monetary Fund who is a firm believer in the euro and in the necessity of Italy cutting its stubbornly high-debt load.
„No one ever thought about quitting the euro,“ Salvini told Radio Capital.
„It wasn’t in our programmes, it wasn’t in Savona’s programme.
„There was just the revision of the banking system and the taxes“.
„I’m not speaking about that,“ Salvini said when asked about a possible impeachment.
„At a time like this, everyone’s first duty is to defend the savings of the Italian people, safeguarding our country’s families and companies“ Berlusconi said.
The centre-left Democratic Party (PD) on Sunday backed President Sergio Matterella after his controversial rejection the nomination of Paolo Savona as economy minister.
„The League and the 5-Star Movement are using unheard of words and unprecedented threats,“ caretaker PD leader Maurizio Martina said via Twitter.
Italy’s two populist leaders forged a coalition from very different policy platforms. They found a prime minister that both could accept. Then President Sergio Mattarella vetoed their finance minister and their bid for power foundered, unleashing chaos and rage in equal measure in Rome.
Shortly afterwards, he summoned former International Monetary Fund (IMF) senior official Carlo Cottarelli for a Monday morning meeting — an indication he may be considering asking him to head a government of unelected technocrats.
5-Star Movement (M5S) leader Luigi Di Maio said Sunday that President Sergio Mattarella should be impeached after he rejected the nomination of Paolo Savona as economy minister.
„(What) if we have elections and we win and the we go to the president’s palace and they say we cannot form a government?“ Di Maio said on a telephone interview with RAI show ‚Che Tempo Che Fa‘.
Luigi Di Maio of the populist Five Star Movement (M5S) said Sunday that the actions of Italy’s president had triggered an „institutional crisis.“
Mattarella, who was installed by a previous pro-EU government, refused to accept the nomination of eurosckeptic candidate Paolo Savona for economy minister.
It is on this basis that Di Maio has raised the possibility of impeaching Mattarella for treason — something that would require an absolute majority in both chambers of parliament in a joint session.
Speaking to the nation later Sunday evening, Mattarella was firm in outlining his constitutional role as guarantor of the cabinet lineup. He said he vetoed Savona out of concern for the negative effect that pick would have on financial markets and on the Italian economy.
The number of Senators willing to support a government under prime minister-designate Giuseppe Conte has risen to 171 out of 318, ten more than needed for an absolute majority, after four crossed over from the mixed group.
„I’m not worried that the next government will change the good, intimate relations with Israel,“ Sachs said.
„We met all (of the parties) before the elections.
(12.4.2018) “I reaffirm … that our intention is to remain close to our allies,” 5-Star leader Luigi Di Maio told reporters, adding: “It is also clear that the end of the fighting in Syria will not be brought about by a military victory but by diplomacy.”
Salvini said Italy had an obligation to remain “loyal” to NATO, but reiterated: “We are firmly opposed to any unilateral actions” in Syria.
(13.4.2018) Germany, as always, isn’t doing enough in international missions.
(14.5.2016) You have mentioned the importance of the interoperability to respond effectively to hybrid threats and terrorist activities. What are the latest developments with regard to Libya? What are the possible scenarios?
Lately there has been a Daesh infiltration in that territory, in the cities of Sirte and Erna precisely. Over the last three or four months, we have witnessed an extension of Daesh terrorists’ control over the coastline of about 300km, with a progressive and consequent increase in the number of their militants.
This doesn’t mean that they have taken over the whole Libyan territory, but the unstable political situation of this country has represented a perfect opportunity for these terrorists to penetrate the country. Not to mention that Libya is rich in oil making it a strategic target.
European People’s Party (EPP) leader Manfred Weber has reportedly said the 5-Star Movement and the League, who look set to form a coalition government in Italy, are taking huge risks with the policies they are proposing.
A new version of the government contract being finalised by the 5-Star Movement and the League says it is opportune „to reassess the presence of Italian contingents in individual international missions that are geopolitically and geographically, and not only, distant from Italian national interest“.
A draft of a joint program of the two parties was leaked and published by Italian media on Thursday. The 40-page document reportedly calls for end to treating Russia as a threat and refers to it as a partner, calling for more openness towards it.
The new draft still contains elements that would be difficult for Brussels to digest, especially coming from a founding EU member and the third largest economy in the eurozone. These include a call for “reducing EU competences,” as well as changes to the treaties and a denunciation of austerity policies.