Results for Italy
- Italy Demands Another Fiscal Reprieve, And Rightly So
The European Commission chiding member states for missing their fiscal targets has become a familiar part of the EU policy apparatus, together with its failure to follow through with sanctions when miscreant governments fail to comply, the Financial Ti ...
Daily Headline - global.abi.org - 10/26/2016 - 22:13 - 0 comments
- Monte dei Paschi to Cut Jobs and Close Branches in Turnaround Bid
Banca Monte dei Paschi di Siena, the beleaguered Italian lender, said on Tuesday that it would slash jobs, close branches and sell some businesses as it seeks to convince investors to back its plan to raise new capital, the International New York Times ...
Daily Headline - global.abi.org - 10/25/2016 - 19:12 - 0 comments
- Brussels Raises Heat On Italy Over 2017 Budget
Tension between Brussels and Italy over the country’s 2017 budget escalated on Tuesday after the European Commission imposed a 48-hour deadline on Rome to explain why it was breaking previous fiscal agreements, the Financial Times reported. Matteo Re ...
Daily Headline - global.abi.org - 10/25/2016 - 19:24 - 0 comments
- Italy Tells EU: Choice Is Bigger Budget Deficit Or Migration Barriers
The European Union must choose between letting Rome hike its budget deficit to cope with the costs of migrants and an earthquake, or siding with the “Hungarian way” of building barriers, Italy’s economy minister said, the Irish Times reported. The It ...
Daily Headline - global.abi.org - 10/23/2016 - 21:21 - 0 comments
- Investors Reluctant To Back Monte Paschi's Cash Call
Investors are reluctant to back Monte dei Paschi di Siena's bid to raise billions of euros, leading fund managers and a source with knowledge of the matter told Reuters, posing a huge challenge for a new CEO seeking to save the Italian bank. The len ...
Daily Headline - global.abi.org - 09/13/2016 - 21:46 - 0 comments
- Bari NPL Deal A Test But Not A Blueprint
Banca Popolare di Bari is poised to test Italy's new bad loan guarantee, but questions remain over whether it can pave the way for other banks seeking to securitise soured debt, Reuters reported. Earlier this month, Bari announced it had structured ...
Daily Headline - global.abi.org - 08/28/2016 - 18:24 - 0 comments
- Italian Banks Continue to Lend to Stagnant Companies as Debt Pile Mounts
As Italy and Europe more broadly struggle to come to grips with an escalating problem with bad loans, a new paper by economists connected to the Center for Economic Policy Research, a European policy shop, highlights the extent to which Italy’s main bank ...
Daily Headline - global.abi.org - 08/18/2016 - 22:33 - 0 comments
- Italy’s Shaky Bank-Rescue Plan
The best that can be said for Italy’s latest plan to rescue its third-largest bank is that it might just work, The Wall Street Journal reported. Monte dei Paschi di Siena announced on Friday a complex deal that would see it offload €40 billion ($44.7 ...
Daily Headline - global.abi.org - 08/04/2016 - 22:44 - 0 comments
- ‘Safe Hands’ Tested As Padoan Gets To Grips With Italian Banks
Over dinner with reporters at an upscale Roman hotel in November, Pier Carlo Padoan, Italy’s finance minister, was asked what he would do if he had a magic wand to help his country’s sluggish economy. The answer was telling: he would wipe away the huge s ...
Daily Headline - global.abi.org - 07/28/2016 - 22:52 - 0 comments
- Italy Races To Gain Private Bailout For Monte Paschi
Italy was last night racing to secure a privately backed bailout of Monte dei Paschi di Siena, the most exposed of the country’s troubled lenders, including a plan to raise €5bn of fresh capital so as to avert nationalisation, according to bankers and Eu ...
Daily Headline - global.abi.org - 07/26/2016 - 23:09 - 0 comments