Mario Draghi’s resignation comes after several key parties in his coalition boycotted a confidence vote. Italy’s President Sergio Mattarella will meet with the speakers of Parliament. A snap election, likely to take place this fall, is likely to be called for next year. Mario Draghi, the prime minister of Italy, announced his resignation on Thursday; … Read more
Mario Draghi’s cost-of-living plan didn’t satisfy the 5-Star Movement. However, the Italian Presiden asked Draghi to analyze the political situation in parliament. The Di Maio party called Draghi “helpful and important.” Italian Prime Minister Mario Draghi resigned Thursday after a confidence vote. Draghi’s plan to lower Italy’s high cost of living passed 172 to 39. … Read more
Europe’s reference natural gas price hits $137 per megawatt hour. EU wants gas storage infrastructures of its member states filled to 80%. EU countries are scrambling to wean themselves off Russian energy. With France becoming the latest country to be cut off from Russian natural gas, and supplies in Italy and Germany being drastically reduced, … Read more
Italian Prime Minister Mario Draghi on Tuesday stated the EU wishes to emerge stronger from the historic challenges thrown up by way of the struggle in Ukraine, which includes by way of increasing eastwards. The conflict, he advised the European Parliament in Strasbourg, changed into “a safety, humanitarian, electricity and economic crisis all rolled into one” that … Read more
PARIS: French President Emmanuel Macron and Italian Prime Minister Mario Draghi called on Thursday on the European Union to reform its fiscal rules to allow greater investment spending, while acknowledging the necessity to reduce debts. “Just as the rules could not be allowed to stand in the way of our response to the pandemic, so … Read more
France and Italy drew a line under recent tensions and signed a new treaty on Friday to formalise their relations, against the background of a European Union in flux. French President Emmanuel Macron and Italian Prime Minister Mario Draghi put pen to paper in a ceremony full of pomp at the Quirinale palace of President … Read more
ROME – US President Joe Biden admitted to his French counterpart Emmanuel Macron Friday that his country had been “clumsy” by securing a submarines deal with Australia behind France’s back. “We have no better ally than France,” Biden said in the first meeting with Macron since the row erupted last month. “What happened was, to … Read more
Italian Prime Minister Mario Draghi warned on Wednesday that Europe may have to deal with a large invasion of immigrants from Afghanistan after the pull-out of US and NATO crowds. “It is foreseeable that the withdrawal from Afghanistan will lead to an increase in immigration from that country of an as yet unknown quantity, but … Read more
