EU reaches deal over Italy budget, puts disciplinary steps on hold

The European Commission on Wednesday reached a deal with Italy over its 2019 budget, avoiding disciplinary steps against Rome, ending months of verbal sparring and buoying Italian bonds and shares.

The Commission in October rejected the budget which included a deficit of 2.4 percent of gross domestic product, up from 1.8 percent this year, saying it would not cut Italy’s large debt and was an “unprecedented” breach of EU fiscal rules.

Under the compromise announced by Commission Vice President Valdis Dombrovskis in Brussels, Italy cut its deficit for next year to 2.04 percent of GDP. It also lowered its economic growth forecast for 2019 to 1.0 percent from 1.5 percent.


ITALY, ROME: Human Remains Uncovered At Vatican Diplomatic Office

|AIWA! NO!|The Vatican on Tuesday said workers have discovered human bones at one of its properties and the police are investigating the matter, reported AFP.
“During restoration works in a space annexed to the Apostolic Nunciature of Italy… fragments of human bone were found,” the Vatican said in a statement referring to the diplomatic office of the Holy See in Rome.

British pupils on school trip to Italy smash 16th century Madonna and Child monument

Whitchurch High School in Cardiff could face a lifetime ban from Italy and an eye-watering fine after pupils grabbed at a religious monument which gave way and crumbled when it hit the floor.