Italy's anti-establishment 5-Star Movement said on Monday it would consult members on whether it should back a government led by former European Central Bank chief Mario Draghi, increasing the uncertainty over the make-up of his coalition.
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Bank of Italy stresses need for unity to grow
Country’s debt is expected to approach 160% of domestic output at end of this year
Reuters
February 07, 2021
Banca D Italia (Bank of Italy) sign is seen in downtown Rome, Italy, October 19, 2018. PHOTO: REUTERS
MILAN:
Italy’s central bank called on Saturday for cohesion as the country battles a government crisis, saying it was imperative to revive growth and reduce a public debt that the coronavirus pandemic has pushed to levels last seen after World War One.
Italy’s debt is expected to approach 160% of domestic output at the end of this year, posing a major challenge to an economy which stagnated over the past decade.
Myanmar leader Aung San Suu Kyi who led the National League for Democracy to a landslide victory in national elections in November last year, has been ousted, in a military coup, moving the country away from an emerging democracy.Myanmar police have charged her with breaches of an import-export law for having several walkie-talkies, and sought her detention until February 15, as a civil disobedience campaign grew against the military’s coup.