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Snow Traps Thousands Of Cars On Italy Highway, 200 Occupants Rescued

Sunday, February 3, 2019, 1:09 PM

Thousands of vehicles were stuck in long queues caused by heavy snow on Italy's A22 motorway on Saturday, and firefighters rescued 200 people who had been trapped for hours in cars and buses. Queues on the route connecting northeastern regions to Austria reached 16 km, said a spokesperson for the firefighters of the autonomous province of Bolzano.
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High noon in Brussels: Italy prepares for budget showdown

Saturday, October 20, 2018, 12:32 PM

The European Central Bank's policy meeting will be relegated to a sideshow next week as the wrangle over Italy's budget takes the main stage. The Italian government is looking to boost spending in the hope of engineering faster economic growth. Italian officials have suggested the ECB should use its 2.6 trillion euro bond purchases scheme, due to end in December, to support stabilise markets.
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Italy's budget crisis threatens the entire EU project, strategist says

Friday, October 19, 2018, 2:40 PM

The European Union needs to be "sensible" in how it deals with the Italian budget crisis or the entire project could come to an end, one strategist told CNBC Friday morning. The ongoing confrontation between the anti-establishment government in Italy and the European Commission has intensified over the few last weeks, with Rome insisting on increasing its spending next year, despite the EU's disapproval.

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