Thursday, 18 October, 2018

Populist plans set Italy on a collision course with Brussels

The parties still haven't said who they'll nominate as prime minister The parties still haven't said who they'll nominate as prime minister
Patty Aguilar | 17 May, 2018, 18:02

Italy, along with Greece, has borne the brunt of the migration crisis, while other European Union countries such.

On Tuesday, the League said it was ready to wage war on the European Union budget rules and put "Italians first".

The two anti-system parties have completed the joint policy programme for a coalition government and have passed the document to leaders for their approval.

The two pre-election adversaries began negotiating a coalition deal last week, more than two months after an inconclusive March 4 election produced a hung parliament.

The anti-establishment 5-Star movement and the far-right Northern League could have enough support for a majority after Sunday's (4 March) general election, although some analysts believe such a coalition is unlikely.

"There will be utmost dialogue with Europe, but we will not be subordinate to Eurocrats", he said.

"They are preparing excuses if they can not maintain all their promises, so they want to unleash a battle against the European Union", said Andrea Romano, a lawmaker from the centre-left Democratic party.

Markets were also unfazed by Italian politics with the bigger focus being a rocketing dollar and rising U.S. borrowing costs, which have spooked investors in recent weeks and intensified concern about damage to global demand, squeezing emerging markets. In recent days, Mr Salvini has been trying to push Mr Di Maio towards a more confrontational attitude with regard to Brussels on everything from the single currency to budget rules and migration policy. The rate on 10-year bonds traded above the 2 percent threshold Tuesday for the first time in more than a year.

Walmart (WMT) Shares Sold by Cadence Bank NA
On Thursday, February 22 the rating was maintained by Stephens with "Overweight". (NYSE:WMT) with "Equal-Weight" rating. The stock of Newell Brands Inc. (NYSE:WMT) has 34 ratings reports on 16 May 2018 according to StockzIntelligence.

After Karnataka election results, start-ups brace for disruptions
As per a rule, the Governor does not have to invite the single largest party to come forward to form the government. Replying to a question, he rejected outright the possibility of forming a coalition government with the BJP.

Season Ends for FSU Men's Golf in Oklahoma
As drivers go, the one that will take the Baylor men's golf team back to the NCAA Championships is the Bears' favorite in the bag. Texas won the Raleigh Regional by shooting 813 (-39), 17 strokes ahead of second-place finishers Duke and North Carolina State.

For some, the ECB's dominant position in euro sovereign debt markets and its stated objective of reducing fragmentation of borrowing costs across the zone beyond that acts as a backstop as long as overall euro breakup risks remain low.

The League and Five Star have numerous areas where they differ on policy, something which has made progress in coalition talks slow and arduous. Di Maio has pledged to guarantee a minimum income to the unemployed.

"This is our message to the new government".

Ms. Pasini said the two parties - neither of which has led a national government - will have to switch gears from campaigning to governing.

The 40-page document contains more than 20 sections, of which a handful - "six points, barely six lines", according to Casalino - still have a question mark over them.

This would be the first time the 5-Star Movement has had a government role higher than the municipal level.

"On the United States economic data front, the consumer remains the economy's backbone, and if this robust trend in the retail space continues to build, factor in a bit of wage growth pressure and the United States dollar will continue to move higher on the back of higher yields", Innes added. There was still no word on the thorny issue of who would be prime minister.

"This is the time to have the courage to go all the way", he said, promising measures including tougher penalties for tax evaders and cuts to the so-called "golden pensions" enjoyed by wealthy former politicians and business executives.

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