Wondering if the continent should be worried about the crisis in italy. Prolonged wrangling, snap elections casting doubt over that countrys brittle recovery. We will look at dysfunctional politics in italy and beyond. We will also be checking in with james in our media watch segment. In our newsroom, lets say hello once again to calire. These are the headlines. Washington marches towards its First Federal shutdown in 17 years. If there is no deal on the budget before midnight, 700,000 staff could be sent home. Say some prayers for italy, the words of italys Prime Minister, enrico letta, as he battles to save his coalition. Turkey announces Major Political reforms in keeping the Peace Process with the kurds on the road. They include changes to the electoral system. First, to the u. S. , where Barack Obama Says he is not at all resigned to a government shutdown. This as democrats and republican lawmakers fail to agree on a new budget. That means that at midnight, the government might ha
The reluctance of Italy's right-wing coalition to ratify reform of a vital euro zone bailout fund is rooted in a deep distrust of the European Union, analysts and lawmakers said, leaving Prime Minister Giorgia Meloni no easy way out of a political mess.
By Angelo Amante and Giuseppe Fonte ROME (Reuters) - The reluctance of Italy's right-wing coalition to ratify reform of a vital euro zone bailout fund.
The reluctance of Italy's right-wing coalition to ratify reform of a vital euro zone bailout fund is rooted in a deep distrust of the European Union, analysts and lawmakers said, leaving Prime Minister Giorgia Meloni no easy way out of a political mess. Italy is the only euro zone country that has not yet given a green light to a treaty that revises the European Stability Mechanism (ESM) - a fund created in 2012 after the euro zone sovereign debt crisis to provide a financial firewall for members of the currency bloc.