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

Pacifici, president of the Jewish Community of Rome: “Grillo’s party is more dangerous than the fascists”
Politics

Pacifici, president of the Jewish Community of Rome: “Grillo’s party is more dangerous than the fascists”

(Haaretz – A.Pfeffer) As local landmarks go, the Great Synagogue of Rome, completed in 1904, is not a particularly ancient building. But littered throughout its prayer and study halls, and the local Jewish community offices on the two upper floors, are priceless pieces of furniture, religious objects and illuminated manuscripts salvaged from dozens of ornate … Continue reading

Consultation Began To Form Next Italian Government. Grillo says M5S not available
Politics

Consultation Began To Form Next Italian Government. Grillo says M5S not available

The election gave Democratic Party leader Pier Luigi Bersani‘s centre-left alliance with the leftist SEL party a majority in the lower house but not in the Senate, leaving it unable to govern without the support of other parties. The stalemate has revived fears of a prolonged bout of instability in the euro zone‘s third largest economy … Continue reading

Beppe Grillo prepares to storm Europe
Politics

Beppe Grillo prepares to storm Europe

The comedian’s Five star movement was the revelation of last Italian election. Its anti-establishment views and “digital democracy” methods are shared by many political movements across the EU, and they could form a common front at the European elections in 2014. Beppe Grillo has a new objective: Europe. While Italian politics struggles to comprehend the political … Continue reading