Italy

Italian yellow pages group Seat Pagine Gialle urged creditors to agree a restructuring of its 2.7 billion euros ($3.44 billion) of debt, warning it would otherwise go into special administration, Reuters reported. Turin-based Seat said on Tuesday its boa ...

Daily Headline - global.abi.org - 01/17/2012 - 21:00 - 0 comments

Seat Pagine Gialle SpA (PG), Italy’s largest phone-book publisher, may extend a proposal to restructure its debt to senior bondholders, two people familiar with the matter said, Bloomberg reported. The senior noteholders, who own about 750 million euros ...

Daily Headline - global.abi.org - 01/12/2012 - 22:04 - 0 comments

Angela Merkel has given effusive praise for the economic reforms introduced by Italy’s new government of technocrats, marking a clear seal of approval from the German government – in stark contrast to its long-standing doubts about the previous Italian a ...

Daily Headline - global.abi.org - 01/11/2012 - 20:44 - 0 comments

The Italian government will not have to carry out an additional package of budget cutting measures to meet its goal of eliminating its deficit in 2013, Prime Minister Mario Monti said, Bloomberg reported. His government will now focus on producing a pack ...

Daily Headline - global.abi.org - 01/08/2012 - 21:50 - 0 comments

Prime Minister Mario Monti yesterday presented in broad terms his government's master plan for Italy, which he called "Grow Italy," the New York Times reported today. Devised to spur growth in a country that has seen little of it in th ...

Daily Headline - abi_admin - 12/30/2011 - 00:06 - 0 comments

Financial market pressure on Italy eased temporarily on Wednesday, with borrowing rates on some government-issued debt dropping by half. But the political pressure on the government of Prime Minister Mario Monti remained high — and was rising, the New Yo ...

Daily Headline - abi_admin - 12/29/2011 - 00:17 - 0 comments

Italy's Senate voted overwhelmingly to give final approval yesterday to a $40 billion austerity and growth package aimed at eliminating Italy’s budget deficit by 2013 and stimulating the economy as part of a broader plan to stabilize the euro, the ...

Daily Headline - abi_admin - 12/22/2011 - 19:11 - 0 comments

The foundation that owns 49 percent of Italy's Banca Monte dei Paschi di Siena said on Monday it had reached two debt standstill agreements with its own lenders as it tries to keep control of Italy's third-largest bank, Reuters reported. The fo ...

Daily Headline - global.abi.org - 12/19/2011 - 22:49 - 0 comments

Telling Italians that the fate of their country and the euro was at stake, Prime Minister Mario Monti unveiled a radical and ambitious package of spending cuts and tax increases on Sunday, including deeply unpopular moves like raising the country’s retir ...

Daily Headline - global.abi.org - 12/04/2011 - 23:37 - 0 comments

Seat Pagine Gialle, the indebted Italian directories group that publishes the country’s Yellow Pages, saw its shares fall by more than 16 per cent after it secured a further 14 day extension to agree the terms of its financial restructuring with its debt ...

Daily Headline - global.abi.org - 11/30/2011 - 21:57 - 0 comments