The Italian cabinet agreed last week to put €20bn into Monte dei Paschi and other banks after Monte dei Paschi was unable to find a new core investor. Photograph: Alessia Pierdomenico/Bloomberg

Italy’s rescue of troubled lender Banca Monte dei Paschi di Siena will cost the government about €6.6 billion, the country’s central bank says, provid(...)

Video screen-grab bearing the logo of Islamic State group-linked Amaq News Agency shows Berlin truck attacker Anis Amri pledging allegiance to IS. Photograph: AFP/Getty Images

German authorities have released a Tunisian man detained on suspicion of involvement in the truck attack on a Berlin Christmas market last week that k(...)

The main entrance of the Monte dei Paschi bank headquarters in Siena. Earlier this week, the ECB told the bank its capital shortfall had risen to €8.8 billion. Photograph: Max Rossi/Reuters

Italian government bond yields held near two-week lows on Thursday after the country’s borrowing costs fell at the final auction of the year, in a sig(...)

Cabinet ministers agreed early Friday to put up to €20 billion into the country’s lenders after Banca Monte dei Paschi di Siena’s capital-raising failed

As Italy’s government prepares to shield retail bondholders under its bank rescue plan, it probably won’t be helping many ordinary folk. Just 5.4 per(...)

Traders work on the floor of the New York Stock Exchange. Wall Street investors viewed the Federal Reserve’s interest rate outlook as a sign of confidence in the economy. Photograph: Reuters

European shares rose on Thursday, with the Iseq in Dublin soaring 100 points above the level it was at before the Brexit referendum, as the euro tumb(...)

Italy’s prime minister Paolo Gentiloni delivers a speech to parliament in Rome on Tuesday. A confidence vote in his government was to take place later in the day. Photograph: Alessandro Di Meo/EPA

Italy’s newly-appointed prime minister Paolo Gentiloni has won an initial confidence vote in the lower house of parliament, with a comfortable majorit(...)

“One day Italy will be led by a party in favour of withdrawal from the euro”

Chronic inability to separate the probable from the desirable has been the tragedy of 2016. Wishful thinking is becoming a threat to the survival of l(...)

Italy’s newly elected prime minister Paolo Gentiloni: he represents a serious contrast with his predecessor. Photograph: Claudio Peri/EPA

Paolo Gentiloni, Italy’s newly appointed prime minister, is nothing if not a “safe pair of hands”. It is indicative that when commentators go looking (...)

Italy’s Foreign Minister Paolo Gentiloni talks to reporters after receiving a mandate to  form a new government. Photograph: Remo Casilli/Reuters

Italy’s head of state, president Sergio Mattarella has asked outgoing foreign minister Paolo Gentiloni to become prime minister of a new government. (...)

Matteo Renzi may be asked by Italy’s president Sergio Mattarella (left) to return as prime minister as he is still the leader of the party with the most votes. Photograph: Reuters

President Sergio Mattarella has indicated he would like to have Italy’s next prime minister appointed by next Thursday, before the two-day EU summit i(...)

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