24 October, 2007

Italian News

The first of a regular mid-week summary of the news from Italy.

- Prime Minister Romano Prodi says he has confidence in Clemente Mastella. Mastella is being investigated for collaborating with a group of businessmen to defraud the EU. This news is hardy surprising because Prodi is subject to the same investigation (although only for abuse of office) and because he is desperately in need of support for his coalition in which Mastella's Udeur party is a member.

- Standard and Poors the rating agency has confirmed Italy' s debt ratings but said that the prospects for fiscal consolidation (that means sorting out the excessive public spending) do not seem good, due to rigid labour markets, the structural weakness of Italian public finances and the ageing population.

- Italian children are among the fattest in Europe according to recent research

- Evaded taxes in Italy exceed 100 billion euros a year and the bulk of the evasion takes place in the services and retail sectors, according to a new report by the economy ministry.

- A new law concerning the duties of newspaper editors will not apply to bloggers says undersecretary for culture Ricardo Franco Levi.

- Roma and Inter Milan both won in the Champions League

- Fanatical self-publicist TV girl and consort of Flavio Briatore, Elizabetha Gregoraci, claims she cannot even have a coffee with a friend without it appearing in the newspapers. Whether this is a complaint or bragging is unclear

- An Italian, Paolo Nespoli from Milan, is in space, the first Italian for 6 years. The importance of choosing a Milanese is that it is only south of Rome that they refuse to wear crash helmets.

No comments: