Thursday, 24 May, 2018


Odds slashed for Italy to be next country to leave EU

Italy's populist government is still a work in progress Brussels calls on Italy to stay committed to the 'European path'
Bennie Garza | 17 May, 2018, 17:55

M5S leader Luigi Di Maio said on Tuesday that "perhaps we'll be able to wrap up the contract of government" on Wednesday.

The two anti-system parties have completed the joint policy programme for a coalition government and have passed the document to leaders for their approval.

The dollar added to recent gains against a basket of currencies on Wednesday to touch a five-month high, supported by relatively robust USA economic data in recent days, while the euro was hit by reports that a likely future Italian government would seek debt forgiveness from European creditors. This is the biggest one-day rise since July 2017, Reuters data shows.

The opposition Democrats have warned that the League's vow to drastically lower taxes to a flat 15-percent rate and the 5-Stars' promise of subsidies to the poor will drastically drive up government borrowing.

After months of drift and political uncertainty, Italy looks set to anoint its first government dominated by populist and anti-immigrant parties, setting Rome on a collision course with the European Union powers that be in Brussels over plans to cut taxes, increase spending, reconsider the euro currency and dramatically curb the flow of refugees arriving on the country's shores from northern Africa.

Euro zone inflation slowed in April, European statistics agency Eurostat said on Wednesday, confirming an earlier flash estimate and adding to the headache of European Central Bank policy makers seeking to phase out monetary stimulus. Salvini dismissed concerns about the widening gap, or spread, between Italy's benchmark bonds and safer German ones as a sign the two potential partners were on the right track.

Some analysts say the market remains complacent about the possibility of a rising dollar, which also notched up a four-month high against the Japanese yen on Thursday as 10-year Treasury yields US10YT=RR approached their highest since 2011.

Brussels has called on the next Italian government, which is likely to be formed by Eurosceptic parties, to remain on the "European path" and not tear up the EU's strategy for controlling migration.

Fed up with the country's long, seemingly irreversible economic decline, persistent high unemployment and a refugee and migrant crisis, Italy's voters turned on the political centre that has governed (or failed to govern) Italy since the 1980s. He declined to comment on the outcome of the coalition talks.

President Sergio Mattarella, who has repeatedly stressed the importance of maintaining a strong, pro-European stance, may also be dismayed at any deal the League and 5-Star come up with.

Both parties have a history of Euroscepticism.

The two party leaders also launched an attack on European Union officials, accusing them of interfering in the talks process. They also taunted Brussels by warning that if European Union capitals were concerned, "then we're doing something right".

The 5-Star Movement, founded less than a decade ago by an Italian comedian as an experiment in direct democracy in defiance of Italy's traditional parties, says any coalition deal must pass muster with its supporters.

Recommended

loading...
...

OnePlus 'Bullets Wireless' headphones with fast charging, Google Assistant support launched OnePlus 'Bullets Wireless' headphones with fast charging, Google Assistant support launched With Qualcomm aptX, the Bullet Wireless preserves audio sound data to ensure the clear audio across a wireless connection. OnePlus has claimed that clipping the earbuds together pauses the music while unclipping them will resume playback.

OnePlus 6 emerges from JerryRigEverything's hands mostly unscathed OnePlus 6 emerges from JerryRigEverything's hands mostly unscathed The Chinese company - owned by Oppo - says a half-hour charge gives the OnePlus 6 enough power for the entire day. The product also has a vertical double chamber, which is placed in the center of the rear panel.

NBC Reporter Asks White House If Israel Can Just 'Kill at Will' NBC Reporter Asks White House If Israel Can Just 'Kill at Will' Britain, France and Germany have all called for Israel to exercise restraint after Monday's bloodshed near the Gaza border . PBS NewsHour will update this story as it develops .

Ban on flammable cladding considered after backlash over Grenfell probe Ban on flammable cladding considered after backlash over Grenfell probe She said the new regulatory framework must also address the fact that "residents often go unheard, even when safety issues are identified".

Kenya Signs Draconian Computer Misuse Bill Into Law Kenya Signs Draconian Computer Misuse Bill Into Law National Assembly Majority Leader Aden Duale has lauded the President's decision to sign into law the Cybercrimes Bill. He has appended his signature to the bill which automatically becomes Cyber crimes Act.

Congress To Demand The "Karnataka Model" In Goa, Manipur, Meghalaya Congress To Demand The The BJP which was not the single largest party in Goa forged an alliance with the MGP and formed the government. When the BJP staked a claim in Karnataka to form the government, the Congress and JD (S) cited the Goa example.

US Iran sanctions to target auto, aircraft sectors first: French govt source US Iran sanctions to target auto, aircraft sectors first: French govt source Attributions of so-called "General Licence H" allowing subsidiaries of USA companies to deal with Iran will be revoked, the source said.

SEC uses mock website to warn investors about cryptocurrency SEC uses mock website to warn investors about cryptocurrency The securities regulator also created a dedicated cyber unit whose objective is to combat fintech as well as cyber-related crimes. SEC created a bogus hedge fund offering in 2003, called "GRDI Select LP", the name is a reference to greedy.

5 found dead, 1 injured in Ponder home shooting 5 found dead, 1 injured in Ponder home shooting It happened just before 8:30 a.m. on Wednesday morning at a home in the 600 block of Lonestar Park Lane, near FM 2499. Shortly before they responded to the scene, firefighters learned there were multiple victims inside the home.

General Overview of Cisco CCNA R&S Questions and Answers In addition to this, they will also build their skills and knowledge levels required to implement WLAN in a small/medium network. At the end of the course, they will also be able to resolve regular issues with EIGRP, STP, and OSPF in IPv4 and IPv6 networks.

Gustav Klimt Could Challenge For 2,000 Guineas Gustav Klimt Could Challenge For 2,000 Guineas However, Gustav Klimt bounced back with a fine performance at the Barronstown Stud Irish European Breeders Fund in June last year. Gustav Klimt moved to the inside down the final furlong and found just enough speed to beat out his compatriot Nebo by a head .

Seeyouatmidnight to serve the Scots a Grand National double Seeyouatmidnight to serve the Scots a Grand National double He was runner-up behind Big River in the Edinburgh Gin Handicap Hurdle at Kelso and he then placed third at Newbury in March. Those having a bet on the Grand National will find him available at 16/1 with Paddy Power in the ante-post list.

Irish masters Elliott and Mullins set for three-pronged attacks in Grand National Irish masters Elliott and Mullins set for three-pronged attacks in Grand National As for Elliott, his Grand National trio this year are headed by three-time Cheltenham Festival winner Tiger Roll . The 2018 renewal has a typically wide-open feel and that’s certainly evident from a betting perspective.

How to learn English with the news Your main purpose is to master or improve your language skills, so it is not so big deal if you listen to or read something fake. How to learn English through the news It is undeniable that the news is a great source of the words that are used everywhere.

Everything You Wanted to Know About Super Nintendo Classic Mini Everything You Wanted to Know About Super Nintendo Classic Mini In the autumn of 2016, the news about the re-release of the 8-bit NES console resounded in the world of the gaming industry. The console can be placed in the palm of your hand, which is very convenient for its storing and carrying around.