Two very interesting people chosen to chair Italy’s Upper and Lower House. No government yet. #Italy
It’s Pietro Grasso
MILAN, March 15 (Reuters) – Financial investors would prefer
Italy avoided new elections, concerned they would just postpone
economic reform and bring little hope of resolving a
parliamentary deadlock, a survey by U.S. bank Morgan Stanley
showed on Friday.
Only significant funding problems and a much deeper
recession would reignite the sort of fear that pushed Italy’s
10-year bond yields above 6.5 percent in July, according to the
survey of 317 market participants carried out this week.
Bonino for #President? #Italy #politics
Today it’s one of those rare, perfect #Milan days when the sky is blue and not milk-grey. There is even a gentle breeze.
Italy like #Belgium? #politics #limbo #Italy
New #pope chosen, #Italian politics still in limbo
ROME, March 14 (Reuters) – The Bank of Italy told Italian
banks to further hike provisions they set aside against bad
debts to take into account the worsening economic scenario and
asked lenders which posted losses not to distribute dividends or
The statement came after the central bank carried out an
audit of Italian banks’ 2012 accounts which forced some lenders
to hike their loan loss coverage.
MILAN, March 14 (Reuters) – New Chief Executive Mario Greco
sought to make a clean slate at Generali by carrying
out large writedowns on the insurer’s assets in 2012 while still
managing to beat an operating profit target and improving
Italy’s No.1 insurer on Thursday posted full-year net profit
of 90 million euros ($116.55 million) after net impairments of
1.7 billion euros on available for sale assets, loans, real
estate assets and on its indirect investment in Telecom Italia