Italy is moving to tackle its high public debt while planning a gradual increase in defence spending, Economy Minister Giancarlo Giorgetti said on Thursday. He spoke in the introduction to the government’s DPFD public finance plan, approved by Premier Giorgia Meloni’s cabinet.
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Italy’s construction and housing markets continued to grow in mid-2025, though the pace of expansion slowed compared with earlier months. Both sectors posted steady gains, highlighting resilience despite economic pressures.
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Rome, 10 September 2025 – After two months of stability, food prices in Italy rose by 0.4% in August, ISTAT reported. That marks a 1.4% increase since January and a 4% rise year-on-year compared with August 2024, up from July’s 3.7%.
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Italy’s Economy Minister Giancarlo Giorgetti has called for urgent changes to European Union budget rules, branding them “stupid and senseless” during talks with eurozone counterparts in Luxembourg on Thursday.
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Reports of suspicious transactions related to terrorist financing rose in 2024, according to the Financial Intelligence Unit (UIF) at the Bank of Italy.
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Rome, May 29, 2025 – The International Monetary Fund (IMF) has urged Italy to maintain fiscal discipline and press forward with structural reforms, warning that the country’s economic outlook remains fragile despite recent gains.
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Italy came under renewed pressure on Monday to ratify the reform of the European Stability Mechanism (ESM), as several EU finance ministers raised the issue during the Eurogroup meeting in Brussels.
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Italy’s economy grew by 0.3% in the first quarter of 2025 compared to the final three months of 2024, according to preliminary data released on Wednesday by national statistics agency Istat. The year-on-year growth rate stood at 0.6%, with a carry-over annual GDP growth of 0.4%.
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Italian Premier Giorgia Meloni claims real wages are finally rising in Italy, reversing a decade-long decline in purchasing power. Her remarks came in a video statement released after a cabinet meeting on Tuesday.
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Premier Giorgia Meloni met with a ministerial taskforce on Thursday to discuss the US tariffs announced by President Donald Trump. She cancelled her engagements for the day to coordinate Italy’s response, sources said.
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