Italy joining China’s Belt and Road project is ‘geopolitically unwise,’ former prime minister says

Italy’s former prime minister doesn’t approve of the current government’s newly inked partnership with China, calling the decision “unwise” during a conversation with CNBC Monday. “Politically, geopolitically, I deem (it) really unwise from the Italian government to take such a decision without coordination with the European Union and our allies,” Paolo Gentiloni, who served as prime minister from 2016 to 2018, told CNBC’s “Squawk Box Europe.” “Europe is showing its divisions toward China, and t


Italy’s former prime minister doesn’t approve of the current government’s newly inked partnership with China, calling the decision “unwise” during a conversation with CNBC Monday. “Politically, geopolitically, I deem (it) really unwise from the Italian government to take such a decision without coordination with the European Union and our allies,” Paolo Gentiloni, who served as prime minister from 2016 to 2018, told CNBC’s “Squawk Box Europe.” “Europe is showing its divisions toward China, and t
Italy joining China’s Belt and Road project is ‘geopolitically unwise,’ former prime minister says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-25  Authors: natasha turak
Keywords: news, cnbc, companies, belt, decision, unwise, energy, worth, xi, italy, italian, project, china, billion, road, geopolitically, joining, prime, chinas, minister


Italy joining China's Belt and Road project is 'geopolitically unwise,' former prime minister says

Italy’s former prime minister doesn’t approve of the current government’s newly inked partnership with China, calling the decision “unwise” during a conversation with CNBC Monday.

“Politically, geopolitically, I deem (it) really unwise from the Italian government to take such a decision without coordination with the European Union and our allies,” Paolo Gentiloni, who served as prime minister from 2016 to 2018, told CNBC’s “Squawk Box Europe.”

“Europe is showing its divisions toward China, and this is not something that will strengthen our position even on trade.”

The Italian government stirred up fresh controversy over the weekend as it officially agreed to join China’s massive Belt and Road Initiative (BRI), becoming the first EU and Group of 7 country to do so.

Chinese President Xi Jinping’s visit to Rome saw a total of 29 deals signed, altogether worth 2.5 billion euros ($2.8 billion). They were focused on agricultural, finance and energy sectors, and opened up new access to the Chinese market for major Italian energy and engineering firms.


Company: cnbc, Activity: cnbc, Date: 2019-03-25  Authors: natasha turak
Keywords: news, cnbc, companies, belt, decision, unwise, energy, worth, xi, italy, italian, project, china, billion, road, geopolitically, joining, prime, chinas, minister


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Italy Di Maio first EU country to join China Belt and Road initiative

The raft of investment deals that Italy’s leadership has just signed with Beijing as part of its massive Belt and Road program is “nothing to worry about,” Italian Deputy Prime Minister Luigi Di Maio told CNBC. But the contents of the MOU (memorandum of understanding) that we are signing tomorrow contains nothing for them to worry about, nothing relating to 5G or any agreement on strategic telecommunications,” Di Maio told CNBC’s Joumanna Bercetche on Friday just before the signing. Italy on Sat


The raft of investment deals that Italy’s leadership has just signed with Beijing as part of its massive Belt and Road program is “nothing to worry about,” Italian Deputy Prime Minister Luigi Di Maio told CNBC. But the contents of the MOU (memorandum of understanding) that we are signing tomorrow contains nothing for them to worry about, nothing relating to 5G or any agreement on strategic telecommunications,” Di Maio told CNBC’s Joumanna Bercetche on Friday just before the signing. Italy on Sat
Italy Di Maio first EU country to join China Belt and Road initiative Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-24  Authors: natasha turak, antonio masiello, getty images, christian minelli, nurphoto via getty images
Keywords: news, cnbc, companies, italy, belt, italian, road, maio, initiative, told, energy, tell, join, worry, signed, visit, european, di, country, eu, china


Italy Di Maio first EU country to join China Belt and Road initiative

The raft of investment deals that Italy’s leadership has just signed with Beijing as part of its massive Belt and Road program is “nothing to worry about,” Italian Deputy Prime Minister Luigi Di Maio told CNBC.

“We are maximizing all precautionary measures, and I want to tell the U.S., and I will tell them as well in next week’s visit, that they are our allies, and that we understand their concerns. But the contents of the MOU (memorandum of understanding) that we are signing tomorrow contains nothing for them to worry about, nothing relating to 5G or any agreement on strategic telecommunications,” Di Maio told CNBC’s Joumanna Bercetche on Friday just before the signing.

Italy on Saturday became the first European Union and Group of 7 country to join China’s expansive Belt and Road Initiative (BRI), drawing concern from the U.S. and European allies.

Chinese President Xi Jinping’s visit to Rome saw a total of 29 deals signed, altogether worth 2.5 billion euros ($2.8 billion). They were focused on agricultural, finance and energy sectors, and opened up new access to the Chinese market for major Italian energy and engineering firms.


Company: cnbc, Activity: cnbc, Date: 2019-03-24  Authors: natasha turak, antonio masiello, getty images, christian minelli, nurphoto via getty images
Keywords: news, cnbc, companies, italy, belt, italian, road, maio, initiative, told, energy, tell, join, worry, signed, visit, european, di, country, eu, china


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Fiat is struggling in the US. Is the Italian brand ready to pull the plug on America, again?

Fiat is marking its 120th anniversary with a pint-sized concept car appropriately dubbed the Centoventi, or 120 in Italian. The prototype that made its debut this month at the Geneva Motor Show is believed to offer a hint of one of the battery-powered production models the brand is working up. But the debut of the Centoventi, which is even smaller than the familiar Fiat 500, comes at a time when the future of the Fiat brand is coming into question, especially its role in the U.S. market. After p


Fiat is marking its 120th anniversary with a pint-sized concept car appropriately dubbed the Centoventi, or 120 in Italian. The prototype that made its debut this month at the Geneva Motor Show is believed to offer a hint of one of the battery-powered production models the brand is working up. But the debut of the Centoventi, which is even smaller than the familiar Fiat 500, comes at a time when the future of the Fiat brand is coming into question, especially its role in the U.S. market. After p
Fiat is struggling in the US. Is the Italian brand ready to pull the plug on America, again? Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-21  Authors: paul a eisenstein, mustafa yalcin, anadolu agency, getty images, source, fiat chrysler, chrysler fiat, andreas solaro, afp
Keywords: news, cnbc, companies, ready, struggling, upbut, today, debut, fiat, viability, stepped, italian, america, plug, working, pull, brand, centoventi, chrysler


Fiat is struggling in the US. Is the Italian brand ready to pull the plug on America, again?

Fiat is marking its 120th anniversary with a pint-sized concept car appropriately dubbed the Centoventi, or 120 in Italian.

The prototype that made its debut this month at the Geneva Motor Show is believed to offer a hint of one of the battery-powered production models the brand is working up.

But the debut of the Centoventi, which is even smaller than the familiar Fiat 500, comes at a time when the future of the Fiat brand is coming into question, especially its role in the U.S. market.

After pulling out of the American market in the early 1990s due to poor sales, Fiat staged a comeback in 2011 shortly after the Italian automaker stepped in to save its bankrupt U.S. competitor, Chrysler. But the best-laid plans don’t always go as expected, and despite the grand expectations of its parent, today known as Fiat Chrysler Automobiles, a number of analysts are questioning the flagship brand’s long-term viability in the U.S.


Company: cnbc, Activity: cnbc, Date: 2019-03-21  Authors: paul a eisenstein, mustafa yalcin, anadolu agency, getty images, source, fiat chrysler, chrysler fiat, andreas solaro, afp
Keywords: news, cnbc, companies, ready, struggling, upbut, today, debut, fiat, viability, stepped, italian, america, plug, working, pull, brand, centoventi, chrysler


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Generali beats 2018 targets despite ‘challenging’ Italian market, raises dividend

“But when people do not invest because the economy is not growing, the life insurance business and asset management is growing.” Donnet also claimed that Generali’s 59 billion euros in Italian BTPs was not a concern to investors. Generali has reserved up to 4 billion euros for acquisitions and growth as it looks to asset management and high-margin business in Latin America and Asia. Clarification: This story has been updated to reflect that Donnet claimed that Generali’s 59 billion euros in Ital


“But when people do not invest because the economy is not growing, the life insurance business and asset management is growing.” Donnet also claimed that Generali’s 59 billion euros in Italian BTPs was not a concern to investors. Generali has reserved up to 4 billion euros for acquisitions and growth as it looks to asset management and high-margin business in Latin America and Asia. Clarification: This story has been updated to reflect that Donnet claimed that Generali’s 59 billion euros in Ital
Generali beats 2018 targets despite ‘challenging’ Italian market, raises dividend Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: reuters with cnbccom, pier marco tacca, getty images
Keywords: news, cnbc, companies, management, euros, despite, 2018, generalis, growing, targets, dividend, billion, market, business, beats, reflect, raises, generali, challenging, btps, economy, italian


Generali beats 2018 targets despite 'challenging' Italian market, raises dividend

Europe’s third-largest insurer said it would pay a dividend of 0.90 euros per share, up from the previous year’s 0.85 euros.

When it came to a potential European slowdown in 2019, however, Donnet said Generali was not concerned. He explained that people sought out the solutions Generali provided whether the economy was booming or lagging.

“Our business is very resilient, because when people do invest and the economy is growing, the property and casualty business is growing,” he said. “But when people do not invest because the economy is not growing, the life insurance business and asset management is growing.”

However he noted heavy competition in its domestic market, especially with motor insurance, adding that it was “challenging.”

“In Italy and France, by the way, we had to face very important claims … which obviously had a significant impact on the operating result,” he added.

Donnet also claimed that Generali’s 59 billion euros in Italian BTPs was not a concern to investors.

“(Investors) do not struggle any more on this — we have demonstrated that we have a strong capital position. We have further increased our solvency ratio by 9 percentage points, so our exposure to BTPs is no longer an issue,” he told CNBC.

Generali has reserved up to 4 billion euros for acquisitions and growth as it looks to asset management and high-margin business in Latin America and Asia.

Clarification: This story has been updated to reflect that Donnet claimed that Generali’s 59 billion euros in Italian BTPs was not a concern to investors. The headline has also been changed on this story to more accurately reflect Generali’s earnings release.


Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: reuters with cnbccom, pier marco tacca, getty images
Keywords: news, cnbc, companies, management, euros, despite, 2018, generalis, growing, targets, dividend, billion, market, business, beats, reflect, raises, generali, challenging, btps, economy, italian


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Cristiano Ronaldo’s goal-scoring heroics sends Juventus shares soaring 17 percent

“This was why Juventus brought me here,” remarked Portuguese soccer star Cristiano Ronaldo after he dragged his side back from a two-goal deficit and into the Champions League quarter-finals. It last won Europe’s premier club soccer competition in 1996. That cash is added to the 9.5 million euros the Italian club received for reaching the last 16. The Turin-based club paid 100 million euros to Spanish club Real Madrid to secure Ronaldo’s transfer last summer. He turned 34 years old in February,


“This was why Juventus brought me here,” remarked Portuguese soccer star Cristiano Ronaldo after he dragged his side back from a two-goal deficit and into the Champions League quarter-finals. It last won Europe’s premier club soccer competition in 1996. That cash is added to the 9.5 million euros the Italian club received for reaching the last 16. The Turin-based club paid 100 million euros to Spanish club Real Madrid to secure Ronaldo’s transfer last summer. He turned 34 years old in February,
Cristiano Ronaldo’s goal-scoring heroics sends Juventus shares soaring 17 percent Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-13  Authors: adam reed, marco rosi, getty images sport, getty images
Keywords: news, cnbc, companies, soccer, cristiano, sends, heroics, euros, champions, madrid, million, italian, shares, club, goalscoring, 17, soaring, league, juventus, ronaldos


Cristiano Ronaldo's goal-scoring heroics sends Juventus shares soaring 17 percent

“This was why Juventus brought me here,” remarked Portuguese soccer star Cristiano Ronaldo after he dragged his side back from a two-goal deficit and into the Champions League quarter-finals.

He may have been referring to his goals on the soccer field, but the knock-on effect will no doubt please the owners of his current employers Juventus.

Following the result, the club’s share price rose sharply Wednesday, opening 20 percent higher and was still up by 17 percent at 2:30 p.m. London time.

Ronaldo’s impact in Tuesday night’s win — a stunning hat-trick against Atletico Madrid — earned the Italian champions about 10.5 million euros ($11.8 million) in additional payments for making the last eight of the Champions League. It last won Europe’s premier club soccer competition in 1996.

That cash is added to the 9.5 million euros the Italian club received for reaching the last 16.

Juventus are controlled by Exor, the investment holding of Italy’s Agnelli family, which owns nearly 64 percent of the soccer team.

The Turin-based club paid 100 million euros to Spanish club Real Madrid to secure Ronaldo’s transfer last summer. In the 24 hours following the deal being announced, Juventus had sold over half a million replica shirts with Ronaldo’s name and number seven.

He turned 34 years old in February, but has just over three years to run on his current Juventus contract, which pays him 30 million euros a year.


Company: cnbc, Activity: cnbc, Date: 2019-03-13  Authors: adam reed, marco rosi, getty images sport, getty images
Keywords: news, cnbc, companies, soccer, cristiano, sends, heroics, euros, champions, madrid, million, italian, shares, club, goalscoring, 17, soaring, league, juventus, ronaldos


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Euro zone banks jump, Italian yields fall on report ECB discussing new cheap bank loans

Euro zone bank shares jumped and Italian government bond yields fell on Wednesday after Bloomberg reported the European Central Bank is holding discussions on the design of new ultra-cheap bank loans. The loans known more formally as Targeted Long-Term Refinancing Operations (TLTROs) are expected to boost troubled euro zone lenders. The euro zone banks index rose to a day’s high, up 0.2 percent. Italian government bond yields also briefly extended falls as investors cheered the report. The euro


Euro zone bank shares jumped and Italian government bond yields fell on Wednesday after Bloomberg reported the European Central Bank is holding discussions on the design of new ultra-cheap bank loans. The loans known more formally as Targeted Long-Term Refinancing Operations (TLTROs) are expected to boost troubled euro zone lenders. The euro zone banks index rose to a day’s high, up 0.2 percent. Italian government bond yields also briefly extended falls as investors cheered the report. The euro
Euro zone banks jump, Italian yields fall on report ECB discussing new cheap bank loans Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-06
Keywords: news, cnbc, companies, fell, bond, italian, yield, euro, ultracheap, loansthe, twoweek, jump, loans, fall, ecb, bank, zone, report, yields, discussing


Euro zone banks jump, Italian yields fall on report ECB discussing new cheap bank loans

Euro zone bank shares jumped and Italian government bond yields fell on Wednesday after Bloomberg reported the European Central Bank is holding discussions on the design of new ultra-cheap bank loans.

The ECB meets on Thursday amid speculation that it is getting ready for a fresh round of stimulus via cheap bank loans.

The loans known more formally as Targeted Long-Term Refinancing Operations (TLTROs) are expected to boost troubled euro zone lenders. The euro zone banks index rose to a day’s high, up 0.2 percent.

Italian government bond yields also briefly extended falls as investors cheered the report. Italy’s 10-year government bond yield touched its lowest level in just over a month at 2.661 percent and was last down 4 basis points on the day.

The euro fell to a two-week low at around $1.12855.


Company: cnbc, Activity: cnbc, Date: 2019-03-06
Keywords: news, cnbc, companies, fell, bond, italian, yield, euro, ultracheap, loansthe, twoweek, jump, loans, fall, ecb, bank, zone, report, yields, discussing


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Italy is side-lining itself from the EU. And its populist deputy leader stands to benefit

Italy’s relationship with the EU has deteriorated since an anti-establishment government took the reins in Rome last year. And for Deputy Prime Minister Matteo Salvini, that breakdown has coincided with a surge in popularity. Tensions between Rome and Brussels have risen on different occasions since the new coalition took power last June. In addition, some Italian politicians have recently joined French protesters, creating a rift with its neighboring country. He described the government’s attit


Italy’s relationship with the EU has deteriorated since an anti-establishment government took the reins in Rome last year. And for Deputy Prime Minister Matteo Salvini, that breakdown has coincided with a surge in popularity. Tensions between Rome and Brussels have risen on different occasions since the new coalition took power last June. In addition, some Italian politicians have recently joined French protesters, creating a rift with its neighboring country. He described the government’s attit
Italy is side-lining itself from the EU. And its populist deputy leader stands to benefit Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-04  Authors: silvia amaro, antonio masiello, getty images news, getty images, -wolfango piccoli, co-president of teneo intelligence
Keywords: news, cnbc, companies, deputy, leader, eu, wolfango, populist, took, told, italian, words, relationship, sidelining, votewinning, brussels, italy, benefit, rome, stands, wants


Italy is side-lining itself from the EU. And its populist deputy leader stands to benefit

Italy’s relationship with the EU has deteriorated since an anti-establishment government took the reins in Rome last year. And for Deputy Prime Minister Matteo Salvini, that breakdown has coincided with a surge in popularity.

Tensions between Rome and Brussels have risen on different occasions since the new coalition took power last June. There has been a dispute over how much the Italian government wants to spend; an intense exchange of words over the collapse of a bridge in the city of Genoa during the summer; and an ongoing battle over immigration. In addition, some Italian politicians have recently joined French protesters, creating a rift with its neighboring country.

“It is clear that the relationship between Italy and Brussels is much more fractious (now) than in the past,” Wolfango Piccoli, a political and policy risk advisor at research firm Teneo told CNBC via telephone.

He described the government’s attitude toward Europe as a “vote-winning” strategy.


Company: cnbc, Activity: cnbc, Date: 2019-03-04  Authors: silvia amaro, antonio masiello, getty images news, getty images, -wolfango piccoli, co-president of teneo intelligence
Keywords: news, cnbc, companies, deputy, leader, eu, wolfango, populist, took, told, italian, words, relationship, sidelining, votewinning, brussels, italy, benefit, rome, stands, wants


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Kering’s Gucci joins peers in defying China fears

Luxury goods group Kering joined competitors in defying concerns of waning demand in China, as momentum at its powerhouse Gucci slowed slightly in the fourth quarter but still outperformed most other fashion brands. “Sales among our Chinese clientele remained very dynamic in the fourth quarter, even with a high comparative base,” Financial Director Jean-Marc Duplaix told journalists on Tuesday, adding that spending by these customers had shifted from overseas to mainland China. The group’s Itali


Luxury goods group Kering joined competitors in defying concerns of waning demand in China, as momentum at its powerhouse Gucci slowed slightly in the fourth quarter but still outperformed most other fashion brands. “Sales among our Chinese clientele remained very dynamic in the fourth quarter, even with a high comparative base,” Financial Director Jean-Marc Duplaix told journalists on Tuesday, adding that spending by these customers had shifted from overseas to mainland China. The group’s Itali
Kering’s Gucci joins peers in defying China fears Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: christian vierig, getty images
Keywords: news, cnbc, companies, gucci, label, billion, quarter, luxury, kering, sales, italian, china, tax, kerings, joins, peers, defying, fourth, neck, fears


Kering's Gucci joins peers in defying China fears

Luxury goods group Kering joined competitors in defying concerns of waning demand in China, as momentum at its powerhouse Gucci slowed slightly in the fourth quarter but still outperformed most other fashion brands.

Like its peers, Paris-based Kering, which also owns Saint Laurent and Balenciaga, has been under scrutiny over whether demand among Chinese shoppers, who account for over a third of industry sales, can hold up.

The firm’s comparable sales rose a higher-than-expected 24.2 percent in the October to December period, when stripping out currency swings and acquisitions, and were up 24.5 percent on a reported basis to 3.8 billion euros ($4.29 billion).

“Sales among our Chinese clientele remained very dynamic in the fourth quarter, even with a high comparative base,” Financial Director Jean-Marc Duplaix told journalists on Tuesday, adding that spending by these customers had shifted from overseas to mainland China.

The group’s Italian label Gucci held on to its crown as one of the luxury world’s fastest-growing brands. Comparable sales growth of 28.1 percent in the fourth quarter marked a slowdown from the previous three months but far exceeded that of rivals, while margins reached a record 39.5 percent in 2018.

Gucci’s might – with annual sales of 8.3 billion euros putting it neck and neck with privately-owned Chanel behind LVMH’s Louis Vuitton as the top luxury label by sales – has raised questions about Kering’s reliance on the label.

It accounted for over 80 percent of the group’s operating income in 2018.

Gucci has also been in the spotlight over a tax investigation in Italy, where Kering faces a potential 1.4 billion euro bill for allegedly avoiding tax on earnings generated by the Italian label and billed to a Swiss subsidiary.


Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: christian vierig, getty images
Keywords: news, cnbc, companies, gucci, label, billion, quarter, luxury, kering, sales, italian, china, tax, kerings, joins, peers, defying, fourth, neck, fears


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Italian banking shares jump on ‘not so bad news’ from the ECB

Italian banking shares moved higher on Monday following reports that their capital positions are above the levels required by the European Central Bank – in what analysts have described as “not so bad news.” Italian banks have been at the forefront of many investors’ concerns. These concerns have raised Italy’s borrowing costs and added pressure on the profitability of Italian banks. However, news that the capital positions of certain banks are higher from what regulators have demanded has broug


Italian banking shares moved higher on Monday following reports that their capital positions are above the levels required by the European Central Bank – in what analysts have described as “not so bad news.” Italian banks have been at the forefront of many investors’ concerns. These concerns have raised Italy’s borrowing costs and added pressure on the profitability of Italian banks. However, news that the capital positions of certain banks are higher from what regulators have demanded has broug
Italian banking shares jump on ‘not so bad news’ from the ECB Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: silvia amaro, stocknshares, getty images
Keywords: news, cnbc, companies, concerns, european, negative, public, ecb, shares, positions, banking, jump, bad, banks, moved, recession, higher, italian


Italian banking shares jump on 'not so bad news' from the ECB

Italian banking shares moved higher on Monday following reports that their capital positions are above the levels required by the European Central Bank – in what analysts have described as “not so bad news.”

Italian banks have been at the forefront of many investors’ concerns. Since the appointment of the current anti-establishment government and the subsequent promises to increase public spending, money managers have been worried that the country could be in trouble given its high level of public debt. These concerns have raised Italy’s borrowing costs and added pressure on the profitability of Italian banks.

Furthermore, recent data has also shown that the economy has entered a technical recession in the last quarter of 2018. Lower economic activity could restrict the bank’s ability to make business. Credit rating agency Moody’s warned last week that if the recession were to continue over the coming quarters there would be “negative consequences for banks including negative effects on performance, higher nonperforming loan (NPL) inflows, and ultimately banks’ capital.”

However, news that the capital positions of certain banks are higher from what regulators have demanded has brought some relief.

Shares in Banco BPM rose above 7 percent, Ubi Banca jumped 4 percent and UniCredit moved nearly 3 percent higher.

“After consistent negative news impacting the whole European banking sector, we have finally seen some ‘not bad’ news,” Tom Kinmonth, fixed income strategist at ABN Amro told CNBC via email on Monday.


Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: silvia amaro, stocknshares, getty images
Keywords: news, cnbc, companies, concerns, european, negative, public, ecb, shares, positions, banking, jump, bad, banks, moved, recession, higher, italian


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Italian and French relations are falling apart fast. Here’s why

France has now recalled its ambassador to Italy following months of escalating tension, but why has it got so heated between the two — normally cordial — European neighbors? The latest verbal skirmish between the European countries came after Italian Deputy Prime Minister Luigi Di Maio crossed the border to meet with the French anti-government protesters known as the “gilet jaunes” (yellow vests) just outside Paris. Di Maio took to Twitter to say the “winds of change had crossed the Alps” before


France has now recalled its ambassador to Italy following months of escalating tension, but why has it got so heated between the two — normally cordial — European neighbors? The latest verbal skirmish between the European countries came after Italian Deputy Prime Minister Luigi Di Maio crossed the border to meet with the French anti-government protesters known as the “gilet jaunes” (yellow vests) just outside Paris. Di Maio took to Twitter to say the “winds of change had crossed the Alps” before
Italian and French relations are falling apart fast. Here’s why Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-08  Authors: david reid, brian snyder, andrea ronchini, nurphoto, getty images, simona granati – corbis, corbis news
Keywords: news, cnbc, companies, winds, relations, falling, crossed, apart, heres, french, protesters, european, workingclass, italy, maio, italian, yellow, fast


Italian and French relations are falling apart fast. Here's why

France has now recalled its ambassador to Italy following months of escalating tension, but why has it got so heated between the two — normally cordial — European neighbors?

The latest verbal skirmish between the European countries came after Italian Deputy Prime Minister Luigi Di Maio crossed the border to meet with the French anti-government protesters known as the “gilet jaunes” (yellow vests) just outside Paris.

Di Maio took to Twitter to say the “winds of change had crossed the Alps” before inviting the protesters to a follow-up meeting in Rome.

The 32-year-old is the leader of the Italian populist Five Star Movement (M5S) and sees the French protests, with its rural and working-class roots, as a natural ally to his own party’s cause in Italy.


Company: cnbc, Activity: cnbc, Date: 2019-02-08  Authors: david reid, brian snyder, andrea ronchini, nurphoto, getty images, simona granati – corbis, corbis news
Keywords: news, cnbc, companies, winds, relations, falling, crossed, apart, heres, french, protesters, european, workingclass, italy, maio, italian, yellow, fast


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post