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Meloni’s Italian job is a lesson for EU’s right
  + stars: | 2023-09-26 | by ( Lisa Jucca | ) www.reuters.com   time to read: +7 min
This is particularly true of Meloni’s surprise decision in August to tax what she called “unjust profits” by domestic banks. Ill-fated tax credits for building renovations introduced by a previous executive are expected to balloon to up to 150 billion euros, UniCredit analysts reckon. That’s 30 billion euros higher than what the current government predicted in April, or around 1.5% of GDP. That’s Meloni’s biggest Italian lesson for parties like Vox and AfD. CONTEXT NEWSThe Italian Treasury will present new economic targets on Sept. 28, which will be the framework for the country’s 2024 budget.
Persons: Spain’s, Benito Mussolini’s “, Rome ”, Ursula von der Leyen, Meloni, Vladimir Putin, , Silvio Berlusconi, Matteo Salvini – Meloni, , Mario Draghi’s, it’s, Giancarlo Giorgetti, Liz Truss, Meloni’s, Vox, Giorgia Meloni, Francesco Guerrera, Oliver Taslic Organizations: Reuters, NATO, European Union, EU, Commission, Economy, Italian Treasury, Thomson Locations: Rome, Italy, Ukraine, Kyiv, China, Greece, Brussels, British, Italian
A top tip for central banks: talk less, smile more
  + stars: | 2023-04-11 | by ( Ben Winck | ) www.reuters.com   time to read: +8 min
WASHINGTON, April 11 (Reuters Breakingviews) - Investors hang on central bankers’ every word, hoping to gain an edge for their next trade. But with consumer prices rising at the fastest pace in decades, central bankers can’t easily cut borrowing costs, either. Chatty central banks are a relatively new phenomenon. Investors are also more sensitive to central banks today than in years past. Still, being more careful about what’s said, and how it’s said, could help central banks better balance their priorities.
A presidential palace official announced that Ms Meloni and her Cabinet would be sworn in on Saturday. Meloni’s Brothers of Italy, a party with neo-fascist roots, secured the most votes in Italy’s national election last month. Meloni made no public comments before leaving the Quirinal presidential palace. Giorgia Meloni, center, leaves the Quirinale Presidential Palace in Rome on Friday. Berlusconi and Salvini are long-time admirers of Russian President Vladimir Putin; Meloni staunchly backs Ukraine in its defence against the Russian invasion.
Next Italy PM is bolstering her EU credentials
  + stars: | 2022-10-14 | by ( ) www.reuters.com   time to read: +2 min
MILAN, Oct 14 (Reuters Breakingviews) - Italy’s would-be premier Giorgia Meloni is seeking to score points with investors. The hard-right Brothers of Italy party leader, expected to become prime minister later this month, is looking to appoint pro-European lawmaker Giancarlo Giorgetti, 55, as finance minister. A veteran member of the League, Meloni’s coalition partner, Giorgetti is a moderate, pro-market politician. But the central banker, a top candidate to become Bank of Italy governor next year, turned down Meloni’s approach, people close to him told Reuters Breakingviews. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
ROME — If Italy elects the nation’s first female premier, will its women be delighted or dismayed? Should opinion polls prove on the mark, Giorgia Meloni and the far-right Brothers of Italy party she co-founded less than a decade ago will triumph in the Sept. 25 election. Nothing.”Meloni, 45, is the only main party leader who didn’t join Premier Mario Draghi’s pandemic national unity government in 2021. After populist forces, including two of Meloni’s campaign allies, yanked support for Draghi in July, the former European Central Bank chief’s coalition collapsed, prompting an early election. But she has snapped back at contentions that it wouldn’t be a victory for women if she becomes premier.
Italy’s far-right leader Giorgia Meloni, who is leading in opinion polls ahead of Sept. 25 parliamentary elections, insists she won’t be a danger to democracy if she becomes premier, contending that the Italian political right has “unambiguously” condemned the legacy of fascism. Meloni made the comments in a message recorded in English, French and Spanish, and distributed Wednesday by her campaign. Fratelli D'Italia party leader Giorgia Meloni at an election rally in Piazza Roma in Monza, Italy, on May 30. Meloni has been dogged by criticism that she has been ambiguous about denouncing Italy’s fascist past. Recent opinion polls have indicated Meloni’s support among eligible voters slightly ahead of her main rival in the election, Democratic Party leader Enrico Letta, a former premier.
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