Prodi unveils plan to ease deficit rules
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European Commission president Romano Prodi has unveiled proposals to loosen the deficit rules under the EU Stability Pact. The loosening was drafted by monetary affairs commissioner Joaquin Almunia, who stood beside the president at the announcement.
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ROME  - Italian Premier Silvio Berlusconi said Thursday the government would propose legislation early next year to prevent a repeat of a Parmalat-like financial scandal.
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The European Commission proposes a partial relaxation of the eurozone's strict public spending rules.
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President Giorgio Napolitano wrapped up Tuesday days of consultations with Italy's political leaders aimed at ending the uncertainty following Romano Prodi's resignation as prime minister.
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Direzione positiva verso consolidamento politiche fiscali
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The US Department of Housing and Urban Development (HUD) will propose an easing of rules that will require Fannie Mae (FNM.N: Quote, Profile, Research) and Freddie Mac (FRE.
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The government is set to announce plans to ease the rules on the opening of new pharmacies.
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Italy's Premier Romano Prodi delivers his statement after meeting the Italian President at the Quirinale Presidential Palace in Rome, Saturday, Feb.Comment
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The Christian Science Monitor - The resignation of Italian Prime Minister Romano Prodi underscores the difficulty in Europe of governments trying to support US foreign policy on terror while at the same time pleasing their own publics.
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Italian Prime Minister Romano Prodi said his government is studying the sale of state-owned property and stakes in companies to reduce the European Union's biggest debt.
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With half the European Union countries exceeding public deficit limits this year, the EU&#39;s head office bowed to reality Friday and proposed to be more flexible in how it enforces the budget rules underpinning the euro.
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President Bush's budget, sent to Congress on Monday, proposes cuts in domestic spending in an effort to tackle the ballooning budget deficit.
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Italian Prime Minister Silvio Berlusconi named 14 new deputy ministers and undersecretaries at a time when his government is trying to cut public spending and employment to meet the European Union deficit targets.
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Silvio Berlusconi, Italy's prime minister, last week suggested reforms to the way the EU calculates population, a figure that determines how much power a country wields in Brussels.
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President George W. Bush will propose reforms on Friday intended to help homeowners with subprime mortgages avoid default, his first public step to address a crisis that has created turmoil in financial markets around the world.
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Prime Minister Silvio Berlusconi will  write to 16 million households across Italy asking them to cut  down on medicines they do not need, for the sake of their own  health and the government's coffers.
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ROME, Jan 30 (IPS) - Following the resignation of prime minister Romano  Prodi last week after just 20 months in office, the future of  economic and social reforms due to be implemented by his  centre-left government appears uncertain.