Riccardo Barbieri News
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Italian Prime Minister Enrico Letta won the final confidence vote needed to install his government before taking his economic growth plan to Berlin to meet German Chancellor Angela Merkel.
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Italian Prime Minister Enrico Letta urged his allies to embrace the deal that brought them to government with rivals and take inspiration from the strength of Silvio Berlusconi, their adversary-turned-partner.
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Italy’s deadlocked political forces are back at the bargaining table for a new round of talks after their failure earlier this month to form a government.
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A deal on a compromise presidential candidate in Italy sparked dissent in Pier Luigi Bersani’s Democratic Party, casting doubt on the result.
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Italian borrowing costs declined at an auction of 11 billion euros ($14.4 billion) of Treasury bills as the Bank of Japan’s unprecedented stimulus pushes investors to search for higher returns in Europe.
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Italian Prime Minister Mario Monti may reverse a pledge not to run for a second term and become a candidate in elections that may be held as soon as February, said Riccardo Barbieri, chief European economist at Mizuho International Plc in London.
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Italian President Giorgio Napolitano took over the search for the next prime minister after Pier Luigi Bersani failed to assemble a majority in the divided parliament.
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Pier Luigi Bersani, the Italian prime minister hopeful facing a shortfall in parliamentary support, was encouraged by business and labor lobbies to seek a deal with political adversaries, including Silvio Berlusconi.
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President Giorgio Napolitano was preparing for a second day of talks with leaders of Italy’s fractious parliament as he seeks to broker a compromise on forming a government in Europe’s fourth-largest economy.
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Elisa Dalbosco says she lost her job when it came time for her former employer, a refugee shelter in northern Italy, to either offer her a permanent contract or let her go.
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