Recovery Plan approved but Conte govt on brink of crisis
IV ministers abstained, Renzi set to give press conference
13 Gennaio 2021
ROME, JAN 13 - Premier Giuseppe Conte s government
remains on the brink of crisis even though his cabinet on
Tuesday approved its Recovery Plan, which had been a source of
tension within the executive for weeks.
Ex-premier Matteo Renzi s Italia Viva (IV) party is close to
pulling its support for the coalition government and triggering
the crisis.
IV s two cabinet members, Agriculture Minister Teresa Bellanova
and Family and Equal Opportunities Minister Elena Bonetti,
abstained when cabinet voted on the plan on how to spend the
The leader of the small Italia Viva party is pulling three ministers from Prime Minister Giuseppe Conte’s coalition, leaving the government without a majority
Eurozone Fast Facts
Here’s a look at the eurozone.
Nineteen countries in the European Union use the euro as their currency, and comprise the eurozone.
Facts
The countries in the eurozone as of 2020 are: Austria , Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, The Netherlands, Portugal, Slovakia, Slovenia and Spain.
January 1, 1999 – The euro is introduced.
– Annual budget deficits must not exceed 3% of gross domestic product.
– Public debt must be under 60% of gross domestic product.
– The country must have exchange rate stability.
– Inflation rates must be within 1.5% of the three EU countries with the lowest rate.
Renzi opens crisis by pulling IV from govt
But ex-PM rules out snap election, says solution up to Conte
13 Gennaio 2021
ROME, JAN 13 - Ex-premier and centrist Italia Viva
(IV) leader Matteo Renzi on Wednesday opened a government crisis
by announcing that IV s two ministers, farm chief Teresa
Bellanova and equal opportunities head Elena Bonetti, were
quitting Premier Giuseppe Conte s administration.
He also said Foreign Underscretary Ivan Scalfarotto, IV s other
government member, was also quitting. He said he had written to
Conte communicating the resignations.
Renzi said IV had not opened the crisis, which had already been
open for months .
He said he had the utmost faith in President Sergio Mattarella,