Latest Paolo Gentiloni News

Italian Premier Draghi's resignation is rebuffed -- for now

Jul. 14, 2022 17:01 PM EDT

ROME (AP) — Italian Premier Mario Draghi offered to step down Thursday after a populist coalition partner refused to vote for a key bill in Parliament, but the nation's president quickly rebuffed him, leaving one of Western Europe's main leaders at the helm for now. The rejection...

Russia's war to keep hitting EU economy, push up inflation

Jul. 14, 2022 07:10 AM EDT

BRUSSELS (AP) — Russia's war in Ukraine is expected to wreak havoc with the European Union's economic recovery for the foreseeable future with lower annual growth and record-high inflation, the bloc's economic forecast showed Thursday. The summer figures for the 19 nations using...

Croatia clears final hurdle to adopting the euro next year

Jul. 12, 2022 10:33 AM EDT

BRUSSELS (AP) — The European Union on Tuesday removed the final obstacles to Croatia adopting the euro, enabling the first expansion of the currency bloc in almost a decade as the exchange rate fell to its weakest level against the dollar in 20 years. EU finance ministers approved...