Thursday

21st Sep 2017

Ticker

Italy to cut growth estimates

Italy will cut its economic growth forecasts, economy minister Pier Carlo Padoan told at a Euromoney conference on Tuesday, Reuters reported. Growth in the eurozone's third-largest economy is expected to be cut to 0.8-0.9 percent for this year, down from 1.2 percent forecast in April. Weaker growth makes it harder for Rome to cut its huge public debt, the highest in the eurozone after Greece.

Barnier: UK risks undermining trust in Brexit talks

A day before UK PM Theresa May sets out her Brexit strategy in Florence, top EU negotiator Michel Barnier told lawmakers in Rome: there can be no transitional deal for the UK without a withdrawal agreement.

EU 'embarrassed' by Catalan 'taboo'

Faced with the growing tension between the Spanish and Catalan governments, the member states and EU institutions would prefer not to get involved.

EU takes time to ponder tech giant tax

The EU commission published a paper that outlined several options on how to increase tax income from internet companies' activities, but fell short of proposing legislation.

Asylum seekers create EU 'limbo' nation

The number of asylum seekers "in limbo" in the EU is likely to be greater than the combined populations of Cyprus and Malta, estimates indicate.

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