Italy raises deficit target, defies EU and rattles markets

Italy raises deficit target, defies EU and rattles marketsItaly has the heaviest debt burden among big European Union economies, at 131 percent of gross domestic product. It is under pressure from the EU to rein in spending amid fears it could sow the seeds of a debt crisis in the euro zone. It marked a victory for the ruling parties over Economy Minister Giovanni Tria, an unaffiliated technocrat whom investors had considered a comparative fiscal conservative.


Source: Yahoo! News

Italy raises deficit target, defies EU and rattles markets

Italy raises deficit target, defies EU and rattles marketsItaly has the heaviest debt burden among big European Union economies, at 131 percent of gross domestic product. It is under pressure from the EU to rein in spending amid fears it could sow the seeds of a debt crisis in the euro zone. It marked a victory for the ruling parties over Economy Minister Giovanni Tria, an unaffiliated technocrat whom investors had considered a comparative fiscal conservative.


Source: Yahoo! News

New Round of US-China Trade War Rattles Global Markets

  1. New Round of US-China Trade War Rattles Global Markets  New York Times
  2. China tells the US to stop hurting itself in the trade war  Washington Post
  3. China vows retaliation as US ups trade war ante, threatens tariffs on $200 billion of goods  NBCNews.com
  4. Opinion: How to avoid a trade war: just walk away  MarketWatch
  5. Trump’s Tariff Barrage Pushes China Fight to Point of No Return  Bloomberg
  6. Full coverage


Source: Google News