The European Union is poised to take its first formal steps to expand the world’s most ambitious limits on fossil fuel pollution. That may widen a rift in how it balances green policies with the need for cheaper power.
The BusinessEurope employers’ federation called on Greek Prime Minister Antonis Samaras to use his country’s six-month presidency of the European Union to broker an agreement on rules for dealing with failing banks.
The president of Confindustria , Italy’s biggest employers’ lobby, turned down an offer to become the country’s industry minister, the newspaper La Stampa reported, without saying where it got the information.
When Prime Minister Silvio Berlusconi spotted Emma Marcegaglia , the head of Italy’s main business lobby , in an audience of top executives last month, he introduced her from the podium as a “good-looking chick.”
Italian Prime Minister Silvio Berlusconi’s surprise nomination of Ignazio Visco to run the Bank of Italy sets up a possible clash with French President Nicolas Sarkozy over the composition of the European Central Bank’s Executive Board.
Italy plans to crack down on tax evasion and boost competitiveness as part of a plan to eliminate the deficit in 2013 and secure continued support from the European Central Bank in reducing the country’s borrowing costs.