Italy in Turmoil As Cyprus Precedent Casts Shadow on Banks, Rating
Economy

Italy in Turmoil As Cyprus Precedent Casts Shadow on Banks, Rating

Italian banks racked up steep losses in European trading on Monday as investors began to grasp the implications of the Cyprus bailout: For the first time in Europe’s five-year-old debt crisis, depositors will have to shoulder some of the burden of bailing out troubled lenders. Intesa Sanpaolo SpA (ISP.MI), Italy’s largest bank by domestic assets, … Continue reading

Slow State Payments, a Serious Issue for Italian Firms
Economy

Slow State Payments, a Serious Issue for Italian Firms

(WSJ – M.Mesco) Italy‘s departing government said Thursday that the state would pay €40 billion ($51.7 billion) in arrears owed to private-sector suppliers after the European Commission allowed Rome to relax its budget-deficit targets. While the move will push Italy’s budget deficit wider, it could offer breathing room to Italian companies that are struggling with … Continue reading

Italian Antitrust pushes for conflict-of-interest measures
Economy

Italian Antitrust pushes for conflict-of-interest measures

The Italian antitrust authority told the parliament on Monday it should consider laws on conflicts of interest for the sake of the country’s image. “Revisiting the current protocol regarding conflicts of interest could improve the workings of institutions and the image of the country abroad,” said a report. There has been talk of a conflict-of-interest … Continue reading

German Commerzbank Chief Calls For 15% Looting of Italians’ Savings
Economy

German Commerzbank Chief Calls For 15% Looting of Italians’ Savings

News that the International Monetary Fund initially demanded to loot a shocking 40% of savings from the private bank accounts of Cypriots underscores how residents of the Mediterranean country could be the latest victims of the infamous “IMF riot,” as the chief economist of the German Commerzbank calls for Italians to be similarly plundered for … Continue reading

Economic Data Show Italy Cannot Wait – Fabrizio Forquet
Economy / Opinion

Economic Data Show Italy Cannot Wait – Fabrizio Forquet

The difference between the real and the legal country belongs to Italy’s DNA. The country’s unitary government was created late and had weak, nonmajority institutions that were disconnected from its citizens. But in a day like yesterday, that distance has widened and turned into an abyss—a black hole that could swallow up the future of … Continue reading