MILAN, Sept 3 (Reuters) – Struggling Italian airline
Alitalia has hired boutique investment bank Leonardo & Co to
help tackle a liquidity crisis that may see it running out of
cash before year’s end.
The move is aimed at finding ways to raise more than 400
million euros to keep the loss-making carrier afloat, a source
familiar with the situation said.
Just watched depressing news programme about rising number of Italian families not being able to buy enough food for their kids. #Italy
Any minute spent trying to work out a way to keep #Berlusconi afloat is a minute stolen to efforts to rebuild #Italy. Basta.
Good morning. The economic crisis continues, Syria may soon be attacked but #Italy still squarely focused on debate on #Berlusconi’s future
The debate surrounding #Berlusconi’s wish to keep his #Senate seat is surreal: why should someone convicted for tax fraud stay on? #Italy
Can #Italy escape another #government crisis? #politics
ROME (Reuters) – Italy and the Vatican are about to reach a deal allowing for the first time regular exchange of financial information between the two states to combat money laundering, several sources with direct knowledge of the situation told Reuters.
The Vatican is pushing to reform its bank, the Institute for Works of Religion (IOR), whose reputation has been tarnished by three decades of scandals. Such a pact would mark a first significant step towards normalizing banking relations with Italy.