Sluggish growth and rising debts - Italy is the new Sick Man of Europe. But unlike tiny Greece, Italy has the third largest economy in the eurozone and is considered too big to fail.
The European Commission has for the first time ever rejected the budget of a member state, as it said the spending plans of Italy's populist government were violating the bloc's debt limit and needed revision.
The election of Jair Bolsonaro as the new Brazilian president has many wondering what the right-wing firebrand could do for Brazil's economy. Stocks are up and many observers hopeful — but the devil is in the details.
Eurozone finance ministers have sided with the European Commission, slamming Italy's resolve to stick to its controversial budget. Brussels has rejected Rome's 2019 fiscal plan and demanded changes.
Italy's populist government has spooked Brussels with an ambitious draft budget after vowing to end austerity. DW's Bernd Riegert explains how the country plans to have its cake and eat it.
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