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Yesterday brought something familiar and something much less familiar in Italy. So ket us start with the latter. ROME (Reuters) – Italy has hiked its target for this year’s budget deficit to 11.8% of gross domestic product from an 8.8% projection made in January, a government source told Reuters. The new target is contained in the Treasury’s annual Economic and Financial Document (DEF) which Mario Draghi’s cabinet approved at a meeting on Thursday. The new target for the fiscal gap incorporates the impact of a 40-billion-euro stimulus package which the cabinet signed off on at Thursda...

* Hikes deficit target to 11.8% * Approves new 40-bln-euro stimulus package * Debt to rise to post-war record of almost 160% of GDP ROME, April 15 (Reuters) - Italy on Thursday cut its economic growth forecast for this year and said the budget deficit would surge to a 20-year high as the coronavirus crisis weighs on recovery prospects and pushes up government spending. The Treasury’s annual Economic and Financial Document (DEF)forecasts gross domestic product will rise in 2021 by 4.5%, down from a 6% projection made last autumn. The fiscal gap is targeted at 11.8% of GDP, up from a previous...

By Reuters Staff 1 Min Read FILE PHOTO: A view of the empty St. Mark's Basin as the region of Veneto becomes a 'red zone', going into lockdown in an effort to reduce coronavirus disease (COVID-19) infections in the country, in Venice, Italy, March 15, 2021. REUTERS/Manuel Silvestri/File Photo ROME (Reuters) - Italy has hiked its target for this year’s budget deficit to 11.8% of gross domestic product from an 8.8% projection made in January, a government source told Reuters. The new target is contained in the Treasury’s annual Economic and Financial Document (DEF) which Mario Draghi’s ca...

Hundreds of Italians clashed with riot police in Rome tonight in anti-lockdown protests amid the pandemic Restaurant owners gathered in capital before police blocked them off from outside the Prime Minister's office Protesters chanting 'we are all workers' waved Italy's flag and hurled stones, bottles and smoke bombs Demo in Rome is the latest in series of anti-shutdown protests across Italy, including Saturday rally in Naples 

Restaurant owners chanting 'we are all workers' gathered in Rome before police blocked them off from an area outside the Prime Minister's office Chigi Palace and confined them to a central plaza.