For the third time, the Italian government attemts to rescue Monte dei Paschi, the world's oldest bank. Rome packed a 20 billion Euro rescue package. But more will be needed soon.
The EU's budget chief has called for a row over Italy's draft budget to be resolved calmly. Rome's plans to flout eurozone budget discipline rules pushed Moody's to downgrade the country's credit rating.
The EU's budget commissioner has said there are still concerns that the Italian budget could be sent back for revisions. If so, it would be an unprecedented move.
Rome wants to borrow more in order to boost welfare, lower the retirement age, allow for a partial amnesty on unpaid taxes, and grow the Italian economy. The budget puts Rome on a collision course with Brussels.
Italian Deputy Minister Michele Geraci has told DW it makes little sense to compare the Italy of today with Greece when it faced an international bailout. He defended Rome's budget plan, saying it would fuel growth.
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