Archives / 08 June 2018

  • Italy will confront EU, but will stay in currency union

    Italy will confront EU, but will stay in currency union

    Italy will confront EU, but will stay in currency union

    Almost three months after elections, Italy has a government. The coalition between the populist Five Star Movement and the nationalist League will lead to friction between Italy and Brussels. But the EU should avoid head-on confrontation and wait to see what the new government does. The government is not as radical as it could be: League leader Matteo Salvini and Five Star Leader Di Maio are deputy prime ministers, and the eurosceptic Paolo Savona, initially vetoed by Italy's President as finance minister, is minister for Europe – allowing Salvini to claim victory despite his swift climb down. But the government includes moderate figures, with economics professor Giovanni Tria in the finance ministry, and Enzo Moavero Milanesi, Europe minister in Mario Monti's government, as foreign minister.

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  • Only strong euro can make Europe ever stronger

    Only strong euro can make Europe ever stronger

    Last Friday, we marked 20 years of the European Central Bank. And on the first of January next year, we will celebrate 20 years of our single currency. It has come a long way in that time and it is a true European success story. Today, 340 million Europeans use the euro every day in 19 of our Member States.

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