MORE WORLD NEWS

Millions reported stolen from Albania central bank
10 guilty in fire deaths of 94 Indian school kids
Officials: 19 dead in E. Ukraine region
Pakistani troops kill 6 militants at Afghan border
Libyan official: Assailants abduct, free lawmaker
Russia's central bank supports sanctions targets
Egyptian media: 3 militants die in car explosion
Nearly 150 feared trapped in landslide in India
Spanish, Catalonia leaders meet on secession push
Shells hit UN school in Gaza, kill 15
Brown: California willing to shelter more migrants
Europe shares down ahead of data; Asia gains
Khmer Rouge tribunal readies way for genocide case
Toyota remains at top in sales after first half
Australian airline passengers told to flush drugs
Australia rules out new sanctions against Russia
6 die when swept away by swollen river in Mexico
Leader of Hamas military wing rules out quick cease-fire
Heavy gunfire in Libyan capital
Task force set up after plane shot down
Argentina fights with debt holdouts; default nears
Heaviest-yet Israeli bombardment kills at least 100, knocks out power plant
Investigators still can't reach plane site
Canada: Chinese hackers infiltrated government org
Officials blame Colombia power outage on rebels
Official: Venezuela tried to pressure Aruba
Activists: Syrian rebels detonate tunnels, kill 13
London's iconic Gherkin building put up for sale
Lavrov and Kerry talk about Cold war-era arms deal
Nigerian militants bomb bridge, killing 8 people



World News
News from the region's first prime-time newscast. You'll find it First On Fox!


ITALY-FINANCES
Still stuck in economic crisis, Italy sets back again date to balance budget; now aim is 2016

Reported by: Associated Press
Reported: Thursday, April 17, 2014 10:34 AM EDT
ROME


Italy has again pushed back its balanced-budget goal, now aiming for 2016.

Finance Minister Pier Carlo Padoan wrote to the European Commission this week, saying that because of Italy's stubborn economic crisis, it's now aiming for a balanced structural budget in 2016. In 2011, then-Premier Silvio Berlusconi had promised that Italy would balance its budget by 2013. But with the country mired in recession, in 2012, during economist Mario Monti's government, the date was rolled back to 2015.

The Senate Thursday approved the 2016 target.

Padoan cited Italy's decision to accelerate payment of the remaining amount of public debt arrears as a key factor in the pushback.

Many private businesses had said they risked failure if the government didn't pay what it owed them for services and goods.










PRIME PICKS

BROOKLYN NINE-NINE
Tonight at 8:30 PM

Full Boyle
Jake intervenes in Detective Boyle's relationship; Rosa and Amy contend with a citizen who is a costumed crime-fighter; Capt. Holt has a new opponent



Get 1/2 price gift certificates

Find us on Facebook

Advertisement