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What's behind Italy's economic turbulence?

What's behind Italy's economic turbulence?

Business
The controversy surrounding the Italian government's spending plans has led to continued nervousness on the financial markets.The budget set out by the country's coalition government last month - which involves greater spending than previously planned - had already sent Italian share prices lower and knocked the value of the euro.The cost of government borrowing for Italy, represented by the yield (or interest rate) on its bonds (the debt issued by the Italian government), has been rising, demonstrating that investors are getting twitchy.Markets are concerned that the government's plans mean the country is heading for a stand-off with the European Commission.Why is the Italian government's financial situation back in the news? The government that took off...
Italy's populists attack elites over bridge collapse

Italy's populists attack elites over bridge collapse

World
Italy's populist government has attacked one of the country's biggest business families and the European Union over the fatal bridge collapse in Genoa. At least 39 people died in the disaster, which has prompted a year-long state of emergency to be declared in the region.Fifteen people are injured and at least seven victims have been pulled out of the rubble alive.Blame for the tragedy is being pushed by the national government on to a major infrastructure group, which operated the motorway on which the bridge collapsed.Trading of shares in Atlantia were initially suspended on Thursday, but then plunged by more than 24% when activity was resumed an hour later. Image: Italy PM Giuseppe Conte with Luigi Di Maio (left) and Matteo Salvini (right) ...
Italy's late VAR penalty cancels out Vardy's strike for England

Italy's late VAR penalty cancels out Vardy's strike for England

Sports
England were denied a second successive friendly victory by a late Italy penalty awarded by the video assistant referee (VAR) at Wembley.Gareth Southgate's side were good value for a lead given to them by Jamie Vardy's powerful 26th-minute finish, fired past keeper Gianluigi Donnarumma after Jesse Lingard's quickly taken free-kick caught the visitors out.England were fortunate to escape some defensive lapses, especially when Ciro Immobile headed over in the first half - but looked to be closing out a confidence-boosting win until a late intervention from VAR.Referee Deniz Aytekin consulted VAR after Burnley defender James Tarkowski tangled with Federico Chiesa, and decided the England debutant had stepped on the Italian's foot, allowing Lorenzo Insigne to beat Jack Butland with just three ...
Former Manchester City boss Roberto Mancini rules out becoming Italy's next manager

Former Manchester City boss Roberto Mancini rules out becoming Italy's next manager

Sports
Roberto Mancini Friday, November 17, 2017Former Manchester City boss Roberto Mancini has no plans to become the new manager of Italy.The Azzurri are on the hunt for a new head coach after sacking Giampiero Ventura following their failure to qualify for next summer's World Cup in Russia.Mancini has been linked with taking over, while the likes of Antonio Conte and Carlo Ancelotti have been touted as viable replacements too.But Mancini has now revealed he is happy at Zenit St Petersburg and looking to succeed with them."I am not surprised my name has been mentioned on the list, seeing as they also discussed colleagues with experience who won in various different countries," Mancini told Russia TV channel Match TV."But I am happy at Zenit and in St Petersburg, so I am not thinking about the N...