Francesco Galietti, founder and CEO of Policy Sonar, says Silvio Berlusconi is likely to try and turn his community service into a political opportunity, and that his lack of official successor is hurting his Forza Italia party.» Read More
FRANKFURT, Germany— Italy is standing out as the European economy's problem child. Other countries that used to be the bearers of bad news— Spain, Greece, Ireland, Portugal— are slowly healing from the debt crisis that ravaged the currency union for much of the past five years.
*BSkyB in talks to buy Fox's German and Italian units. LONDON/ MILAN/ FRANKFURT, July 18- BSkyB's plan to buy Rupert Murdoch's pay-TV assets in Italy and Germany for perhaps as much as 10 billion euros is a bold bet on long-term growth at the expense of short-term profit, but the pioneering British media firm has pulled off such gambles before.
Most of the cuts he suggested in a 72- page review of Italy's public administration- an unpublished tome seen by Reuters that picks apart services ranging from disability benefits to policing- appear to have been ignored by Matteo Renzi's government.
BRUSSELS, July 1- The European Parliament on Tuesday chose Martin Schulz as its president for another two and half years, backing a combative social democrat who has fought for more power for the EU legislature.
*PM Renzi says he has mandate to make his mark in Europe. ROME, May 26- Italian Prime Minister Matteo Renzi promised on Monday to push economic and institutional reforms in Rome and promote his pro-growth agenda in Brussels after securing an emphatic victory in elections for the European parliament at the weekend.
ROME, May 11- Franco Picini, a schoolteacher in Italy's capital city, says he has voted for the left all his life, but in this month's European parliament elections, he will back the 5- Star Movement of comedian Beppe Grillo. "I know his political platform isn't very clear, but enough with Italy's old political guard!
*Senate must approve legislation by May 19. ROME, April 23- Italian Prime Minister Matteo Renzi easily won a confidence vote on Wednesday over his plans to ease rules for companies that hire temporary workers, part of a broader plan to overhaul labour regulations. The decree must be approved by the Senate by May 19 to become a permanent law.
*Bundesbank chief open in principle to QE, if it is needed. *Drop in inflation sees him open up to the idea. FRANKFURT, April 17- As recently as last November, Jens Weidmann steadfastly opposed any move by the European Central Bank to print money to buy assets and buoy the euro zone economy.
ROME, April 9- Italian Prime Minister Matteo Renzi defended his fiscal reform plans on Wednesday against critics inside and outside his Democratic Party as the European Commission reminded Italy of its commitment to balance its budget.
MILAN, April 8- The government of Matteo Renzi is looking to wipe the slate clean and seek new names at Italy's main state-controlled groups including oil major Eni as top management comes up for renewal, government, political and industry sources said.
*Barroso, Van Rompuy smile when asked about Italy budget. *PM Renzi says Italy will respect 3 pct deficit limit. However the reaction in Italy reflected questions over how well Renzi's fast-talking style and his promises to end the austerity policies which have dominated the EU's response to the euro zone debt crisis will go down in Brussels.
DUBLIN, March 7- Veteran Brussels politician Jean-Claude Juncker sought the backing of Europe's centre-right on Friday in the race to become European Commission president, pledging to build bridges in a region he said was increasingly divided.
Italian Senate has approved the expulsion of former Italian Prime Minister Silvio Berlusconi from parliament. CNBC's Michelle Caruso-Cabrera offers details.
Nicola Borri, assistant professor of economics at LUISS University in Rome, says "everybody" expects Silvio Berlusconi to be ousted from the Italian Parliament, and discusses the impact this would have on reforms.
Lucio Malan, Italian senator for the PDL, says there is a risk for a "little split" within Berlusconi's PDL party and that the former prime minister would remain leader even if he was expelled from Parliament.
Berlusconi has formally asked to do a year of community service rather than be jailed or put under house arrest after his conviction for tax fraud.
The restructuring of Europe's banks will be positive in the end, the head of Italy's main stock exchange told CNBC on Monday.
An Italian Senate committee on Friday recommended that Silvio Berlusconi be expelled from the Senate following his conviction for tax fraud in August.
Jacopo Barigazzi, co-founder of Linkiesta, says that it is the "beginning of the end" for Silvio Berlusconi, but he could still be popular with voters.
Silvio Berlusconi is renowned for his off-color remarks and personal scandal.