SMEs in Italy, no longer welcome customers for the banks
Business

SMEs in Italy, no longer welcome customers for the banks

Small companies struggling to repay loans in Italy and Spain signal bigger problems on the horizon for the euro zone after the dust has settled on Cyprus’s last-ditch bailout this week. Defaults by small and medium-sized enterprises (SMEs), easily the biggest employers in Spain and Italy, are rising at a worrying clip, spelling trouble for the banks and two countries at the heart of Europe’s … Continue reading

Monte dei Paschi: Italy Must Cut Ties Between Banks and Politics
Business / Politics

Monte dei Paschi: Italy Must Cut Ties Between Banks and Politics

Were it not for some shady derivatives trades carried out by the world’s oldest bank, Banca Monte dei Paschi di Siena SpA, Italy’s most recent parliamentary elections might have produced a government. When Bloomberg News on Jan. 17 broke the first details of derivatives transactions that the bailed-out Monte dei Paschi made to hide losses, … Continue reading

Tiscali launches istella, the Italian “social” search engine
Techonology

Tiscali launches istella, the Italian “social” search engine

Italian ISP Tiscali launched istella, its new search engine incorporating features for storing, searching and sharing files and content. Presenting the new initiative, CEO Renato Soru, said that istella aims to be an alternative and complementary service to Google, adding that it can be replicated in other countries. The aims of the new search engine … Continue reading