Italian central bank governor Mario Draghi on Tuesday called for additional cuts in public spending to avoid tax increases, amid growing concern about Italy\'s position on eurozone financial markets. \"If more spending is not reduced... it means tax will have to be increased,\" Draghi said in a speech in which he emphasised that budget austerity measures had to be outlined \"very rapidly.\" The Italian parliament is scrambling to adopt austerity measures this week following heavy pressure on stock and bond markets in recent days.
GMT 17:42 2018 Wednesday ,03 January
PML-N fulfilled its obligation to overcome country’s energy deficit: PMGMT 17:39 2018 Wednesday ,03 January
BP says to take $1.5bn hit on US tax reformsGMT 17:36 2018 Wednesday ,03 January
China factory activity accelerated in December: CaixinGMT 10:46 2017 Thursday ,21 December
China's economic growth to slow next yearGMT 17:25 2017 Tuesday ,19 December
GFH acquires two trophy Chicago properties for US $150 millionGMT 11:59 2017 Tuesday ,19 December
N. Korean incomes improving but far below SouthGMT 15:16 2017 Thursday ,14 December
EU agrees increases in fishing quotasGMT 12:32 2017 Thursday ,14 December
N. Korea's overseas financial network squeezed by USMaintained and developed by Arabs Today Group SAL.
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Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©