MILAN, June 11 (Reuters) – Insurer Generali, one
of four key owners of Telecom Italia, decided on
Wednesday to exit ahead of time a seven-year shareholder
agreement to control the Italian phone company, making room for
future new investors.
Generali said in a statement it had exercised the right to
withdraw from the pact its 19.3 percent holding in Telco, an
investment vehicle that is Telecom Italia’s biggest investor
with a 22.4 percent stake.
MADRID/MILAN, May 28 (Reuters) – When Angel Gomez and Maria
Luisa Fernandez retired a decade ago, they imagined spending
their pensions largely on restaurant meals, holidays and toys
for the grandkids. Today, their retirement money helps to
support five families.
The Spanish couple, like other relatively prosperous
pensioners across southern Europe, are providing an informal
safety net which has helped many in the younger generation to
avoid widespread poverty despite record-high unemployment.