In other news, govt considers 7.5% tax on imported solar panels for projects won under future solar auctions
3 min read6 Mar 2018ECB chief Mario Draghi and former Italian PM Matteo Renzi were among those hacked in a cyber-spying operation that targeted more than 18,000 e-mail accounts
2 min read10 Jan 2017Paolo Gentiloni, who served as foreign minister under Matteo Renzi, was asked by President Sergio Mattarella to form a new govt that will guide Italy to elections due by February 2018
3 min read11 Dec 2016After almost 3 years in power, Matteo Renzi outlines two options: either early elections in early 2017, or the formation of a grand coalition that would change the electoral law
3 min read8 Dec 2016A new band of leaders in Europe could potentially change the European Union as it exists today with its common currency and open borders
4 min read7 Dec 2016Matteo Renzi's bullish style came to be seen as arrogance and many Italians accused him of being in league with Brussels, fat cats and the banking sector
2 min read5 Dec 2016Even as Italian bond yields rose in response to the referendum, equity markets showed little sign of panic
1 min read5 Dec 2016The Stoxx Europe 600 Index rose 1% at 8.28am in London, as gains in miners and exporters amid a falling euro outweighed declines in banks
1 min read5 Dec 2016Euro opened at around $1.0685, slumped as much as 1.4% to $1.0505, its lowest since March 2015, before recovering to $1.0650 by 2.25pm
2 min read5 Dec 2016The resignation of Italian PM Matteo Renzi after losing a referendum on constitutional changes greatly increases uncertainty about the euro and the Eurozone
1 min read5 Dec 2016The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared