€500B remains unspent from EU's Covid recovery fund – POLITICO
Capitals urge European Commission to slash red tape fearing that huge amounts of money won’t ever be used.
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Capitals urge European Commission to slash red tape fearing that huge amounts of money won’t ever be used.
Italy is facing growing market scrutiny as Prime Minister Giorgia Meloni assembles a difficult 2024 budget, with investors alarmed by the government...
ROME (Reuters) -Italy is under growing market scrutiny as Prime Minister Giorgia Meloni prepares a difficult 2024 budget, with investors dismayed by government moves affecting sectors from banks to airlines. The Treasury will issue new economic targets on Wednesday providing the framework for a budget in which Meloni will attempt to keep her tax-cutting promises while also lowering the fiscal deficit. "This budget is Meloni's first real economic test since she came to power last October," said Tim Jones, euro zone analyst for market consultancy firm Medley Advisors.
The prime minister faces the challenge of governing despite the press, the establishment, and the allegedly loyal opposition in Italy being united in…
Italy's hopes of transforming its economy with billions of euros of European Union pandemic recovery funds are unravelling fast, businesses on the ground say, with inefficiencies at all levels raising...