Italy Bond Vigilantes Can't Bully Populists to Capitulation
Deputy Prime Minister Matteo Salvini has effectively dared investors to sell Italian
bonds until their yield spread over Germany reaches 400 basis points, but the level peaked at about 327 last month and has since eased. Traders have not taken the bait ...
Italy faces higher borrowing costs, sanctions on budget
- New Haven Register
MILAN (AP) — Italian
borrowing costs nudged higher Wednesday after the populist government resubmitted draft budget proposals without the significant changes sought by the European Commission. A day after receiving the Italian
government's submission ...
The Coach Who Changed the NBA From Italy
- Wall Street Journal
Daly's top assistant at the University of Pennsylvania had an offer in Bologna, Italy
. But that coach was Rollie Massimino, and he was about to be hired by Villanova instead. Bologna had already promised its fans an American coach, and now there was ...
EU and Italy in standoff over budget
A European Commission spokesperson confirmed that they have received the "revised" budgetary plan from Italy
and will give their analysis on the 21st of November. They should decide whether to begin disciplinary measures against the Rome government.
Bollywood meets Hollywood as Indian stars wed at Italy villa
(AP) — Bollywood stars Deepika Padukone and Ranveer Singh are getting married at a villa on Italy's
Lake Como with screen credits of its own. The couple's wedding on Wednesday at Villa Balbianello coincides with the fifth anniversary ...
Defiant Italy sets stage for budget showdown with EU
10-year bond yield rose 9 bps to a three-week high at 3.54 percent <IT10YT=RR>, pushing the gap over benchmark 10-year German Bund yields to 314 bps from around 303 bps late on Tuesday on news of the revised budget. The cost of insurance ...
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Italy (Italian: Italia [iˈtaːlja] ( listen)), officially the Italian Republic (Italian: Repubblica Italiana [reˈpubblika itaˈljaːna]), is a country in Europe. Located in the heart of the Mediterranean Sea, Italy shares open land borders with France, Switzerland, Austria, Slovenia, San Marino, and Vatican City. Italy covers an area of 301,340 km2 (116,350 sq mi) and has a largely temperate seasonal and Mediterranean climate. With around 61 million inhabitants, it is the fourth-most populous EU member state and the most populous country in southern Europe.Due to its central geographic location in Europe and the Mediterranean, Italy has historically been home to a myriad of peoples and cultures. In addition to the various ancient Italian tribes and Italic peoples dispersed throughout the Italian Peninsula and insular Italy, beginning from the classical era, Phoenicians, Carthaginians and Greeks established settlements in the south of Italy, with Etruscans and Celts inhabiting the centre and the north of Italy respectively. The Italic tribe known as the Latins formed the Roman Kingdom in the 8th century BC, which eventually became a republic that conquered and assimilated its neighbours. In the first century BC, the Roman Empire emerged as the dominant power in the Mediterranean Basin and became the leading cultural, political and religious centre of Western civilisation. The legacy of the Roman Empire is widespread and can be observed in the global distribution of civilian law, republican governments, Christianity and the Latin script.During the Early Middle Ages, Italy endured sociopolitical collapse and barbarian invasions, but by the 11th century, numerous rival city-states and maritime republics, mainly in the northern and central regions of Italy, rose to great prosperity through shipping, commerce and banking, laying the groundwork for modern capitalism. These mostly independent statelets served as Europe's main trading hubs with Asia and the Near East, often enjoying a greater degree of democracy than the larger feudal monarchies that were consolidating throughout Europe; however, part of central Italy was under the control of the theocratic Papal States, while Southern Italy remained largely feudal until the 19th century, partially as a result of a succession of Byzantine, Arab, Norman, Angevin and Spanish conquests of the region.The Renaissance began in Italy and spread to the rest of Europe, bringing a renewed interest in humanism, science, exploration and art. Italian culture flourished, producing famous scholars, artists and polymaths such as Michelangelo, Leonardo da Vinci, Raphael, Galileo and Machiavelli. During the Middle Ages, Italian explorers such as Marco Polo, Christopher Columbus, Amerigo Vespucci, John Cabot and Giovanni da Verrazzano discovered new routes to the Far East and the New World, helping to usher in the European Age of Discovery. Nevertheless, Italy's commercial and political power significantly waned with the opening of trade routes that bypassed the Mediterranean. Centuries of infighting between the Italian city-states, such the Italian Wars of the 15th and 16th centuries, left the region fragmented, and it was subsequently conquered by European powers such as France, Spain and Austria.By the mid-19th century, rising Italian nationalism and calls for independence from foreign control led to a period of revolutionary political upheaval. After centuries of foreign domination and political division, Italy was almost entirely unified in 1871, establishing the Kingdom of Italy as a great power. From the late 19th century to the early 20th century, Italy rapidly industrialised, namely in the north, and acquired a colonial empire, while the south remained largely impoverished and excluded from industrialisation, fuelling a large and influential diaspora. Despite being one of the main victors in World War I, Italy entered a period of economic crisis and social turmoil, leading to the rise of a fascist dictatorship in 1922. Participation in World War II on the Axis side ended in military defeat, economic destruction and the Italian Civil War. Following the liberation of Italy and the rise of the resistance, the country abolished the monarchy, reinstated democracy, enjoyed a prolonged economic boom and, despite periods of sociopolitical turmoil became a major advanced country.Today, Italy is considered to be one of the world's most culturally and economically developed countries, with its economy ranking eighth largest in the world and third in the Eurozone. As an advanced economy, it has the sixth-largest worldwide national wealth, and is ranked third for its central bank gold reserve. Italy has a very high level of human development, and it stands among the top countries for life expectancy. The country plays a prominent role in regional and global economic, military, cultural and diplomatic affairs, and it is both a regional power and a great power. Italy is a founding and leading member of the European Union and a member of numerous international institutions, including the UN, NATO, the OECD, the OSCE, the WTO, the G7, the G20, the Union for the Mediterranean, the Council of Europe, Uniting for Consensus, the Schengen Area and many more. As a reflection of its cultural wealth, Italy is home to 54 World Heritage Sites, the most in the world, and is the fifth-most visited country.
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