Bloomberg Italy’s new government may soon seek parliamentary approval for more stimulus spending as a sluggish vaccination campaign and new coronavirus strains extend the nation’s reliance on fiscal support. Prime Minister Mario Draghi’s administration is planning to distribute about 32 billion euros ($38 billion) that was approved by the parliament in January through a new decree called “sostegno” or “support,” ...

Bloomberg The European Union’s (EU) executive arm is likely to extend a suspension of the bloc’s debt rules through next year amid uncertainty over the region’s economic recovery. In its guidance on fiscal policy for the coming months, the European Commission outlined its parameters for assessing whether to prolong a waiver of the EU’s spending limits, signaling that it won’t reinstate ...

Bloomberg Prime Minister Justin Trudeau’s claims there isn’t a trade-off between Canada’s strict lockdowns and economic growth will be tested this week with the release of new output data. Analysts expect gross domestic product (GDP) shrinks by more than 5% last year, a middling result among advanced economies. The US, with far less restrictive pandemic measures last year, shrinks by ...