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Italian Prime Minister Mario Monti's government has reacted with concern at rising electricity and gas prices that are set to hit hard-pressed consumers already reeling from tough austerity measures and a sharp rise in the cost of living.
Italy will put pressure on European Union leaders to look more toward efforts to boost growth in the euro zone rather than at austerity measures designed to rein in debt, Italian Industry Minister Corrado Passera told CNBC.
The former Italy, Lazio and Cosmos star Giorgio Chinaglia has died of complications from a heart attack, his son said. He was 65.
Senator David Carlucci (D-Rockland/Orange) announced the New York Conference of Italian-American State Legislators is now accepting applications for four $1,500 scholarships. High School, college and graduate students encouraged to apply by Friday, May 4. There are academic and athletic scholarship applications available.
Silvio Berlusconi’s words of warning tothe new foreign owner of AS Roma – “you spend loads of money and earn nothing” – are borne out in a report released on Thursday showing rising losses and debts among Italy’s top football clubs last season.
MILAN — Corruption can “flourish almost everywhere” in Italy because of flaws throughout society, the global anti-corruption organization Transparency International said Friday.
WASHINGTON, Feb 9 (Reuters) - President Barack Obama assured Italian Prime Minister Mario Monti on Thursday that the United States will do whatever it can to help stabilize the situation in the euro zone, which he said demanded a more muscular approach to fighting its debt crisis.
Italy's Prime Minister Mario Monti said on Friday that he had been surprised by the words of praise received for his economic rescue efforts from US political and business leaders.
President Barack Obama gave Italy's reformist premier a strong vote of confidence on Thursday, praising his efforts to lead his country out of its fiscal quagmire and noting he has boosted confidence in Italy and the European marketplace.
Mario Monti has come back even stronger after his trip to the United States. He gained a fundamental support for his political action in Italy by President Barack Obama and many other members of the U.S. economy and finance. He wanted to have the support of the most powerful nation in the world and the financial center of the globe.