Bloomberg Italian Prime Minister Giuseppe Conte said his government would likely seek a wider budget gap as he draws up an ambitious reform plan to lobby for European Union (EU) assistance to restart the economy. The government will focus on infrastructure projects including high-speed railways and may approve a value-added tax cut to stem the coronavirus’s impact on the euro-zone’s ...

Bloomberg Wirecard AG was left fighting for survival after acknowledging that 1.9 billion euros ($2.1 billion) that it had reported as assets probably don’t exist, deepening an accounting scandal that has rattled Germany’s financial industry. The payments processor said it’s in discussions with creditors and considering a full-scale restructuring after pulling its financial results for fiscal 2019 and the first ...

Bloomberg Germany is set to underline the need to combine the European Union’s (EU) economic recovery with measures to tackle climate change, ahead of it assuming the bloc’s presidency. EU environment ministers will discuss on Tuesday how the bloc’s Green Deal plan to reach climate neutrality in 2050 can help the economy rebound from the coronavirus crisis. Germany will present its ...