Italy

Results for Italy

Italy is Falling Out of Love with Europe

A quarter of a century ago, Italy was in a sea of troubles that invites a comparison with today’s storms, the Financial Times reported. The party political system was disintegrating. A gigantic corruption scandal pervaded the highest levels of public ...

Daily Headline - global.abi.org - 03/22/2017 - 08:41 - 0 comments

Italy Scraps Employment Voucher System to Avoid Referendum Showdown

Italy has abolished voucher payments for workers, which were highly popular with employers, to avoid a bruising referendum championed by the country's main union, Prime Minister Paolo Gentiloni said on Friday. Payment by vouchers was introduced in 2 ...

Daily Headline - global.abi.org - 03/19/2017 - 22:48 - 0 comments

Alitalia’s Turnaround Strategy Is a Flop

Less than three years after Etihad Airways saved Alitalia SpA from bankruptcy, the Italian airline is once again on the brink, The Wall Street Journal reported. After spending €400 million ($427 million) to buy effective control of Alitalia in 2014, ...

Daily Headline - global.abi.org - 03/12/2017 - 20:26 - 0 comments

Bidding Race to Win Europe’s Biggest Steel Plant Heats Up

The fate of Europe’s biggest steel plant will edge closer towards resolution when a deadline falls on Monday for final bids to take control of the troubled facility in southern Italy, the Financial Times reported. The giant Taranto works, which has b ...

Daily Headline - global.abi.org - 03/05/2017 - 22:47 - 0 comments

Ilva Bid Deadline Delayed Until Next Monday

The deadline for bids on the troubled Italian steelmaker Ilva, the owner of Europe’s largest steelworks, has been pushed back until next week, the Financial Times reported. Final offers to acquire the company, which has been at the centre of a saga i ...

Daily Headline - global.abi.org - 03/03/2017 - 08:38 - 0 comments

Italy Is Running Out of Time to Leave the Euro

There’s been sharp selling pressure on eurozone government bonds lately, led by Italy and concerns about its future in the Eurozone, The Wall Street Journal reported on an editorial. By the beginning of the year Italian government yields rose 40 basi ...

Daily Headline - global.abi.org - 03/01/2017 - 21:36 - 0 comments

Italian Banks Struggle to Break Free From Soured Debt Cycle

Italian banks are stuck in what stressed-debt experts call purgatory, still forced to pay a heavy price for their past sins despite loan data that suggests they are turning a corner. The rate at which loans are souring hit an eight-year low last year, bu ...

Daily Headline - global.abi.org - 02/22/2017 - 22:49 - 0 comments

Stefanel to Ask for Extension to File Debt Restructuring Deal-Sources

Struggling Italian clothing company Stefanel will ask a court for more time to submit a debt restructuring agreement with its creditors, two sources close to the situation said on Tuesday. In November, the court in Treviso, northern Italy, granted Stefan ...

Daily Headline - global.abi.org - 02/21/2017 - 23:17 - 0 comments

Italian Banks Struggle to Break Free From Soured Debt Cycle

Italian banks are stuck in what stressed-debt experts call purgatory, still forced to pay a heavy price for their past sins despite loan data that suggests they are turning a corner. The rate at which loans are souring hit an eight-year low last year, bu ...

Daily Headline - global.abi.org - 02/22/2017 - 22:47 - 0 comments

Italy Considers €5 Billion State Bailout of Regional Banks

Italy is looking at a €5bn state rescue of two struggling regional banks as the eurozone’s third-largest economy takes renewed steps to shore up its troubled banking system, the Financial Times reported. The rescues of Veneto Banca and Banca Popolare ...

Daily Headline - global.abi.org - 02/14/2017 - 21:19 - 0 comments

Syndicate content