ROME, Oct 24 (Reuters) – Italy will introduce a lower
threshold for obligatory takeover bids, a government official
said on Thursday, a move that could complicate the takeover of
Telecom Italia by Telefonica.
Last month the Spanish phone group reached a deal allowing
it to gradually take over Telco, the investment vehicle for a
consortium of Italian financial companies and Telefonica, which
holds a 22.4 percent controlling stake in its Italian rival.
ROME (Reuters) – Civil servants, hospital staff and transport workers went on strike on Friday in protest against Prime Minister Enrico Letta’s government, causing disruptions in Rome and across the country.
The strikes, organized by the far left Cobas union, are the first in two days of planned protests and could test the unity of Letta’s uneasy left-right coalition just weeks after he survived a confidence vote in parliament.
ROME (Reuters) – Italian Prime Minister Enrico Letta will call a confidence vote in parliament after a showdown with center-right partners in his fragile coalition scuppered a vital package of budget measures on Friday and took his government to the brink of collapse.
Letta flew back from a visit to New York with coalition unity already in tatters after a threat by center-right lawmakers to walk out over former premier Silvio Berlusconi’s battle against a conviction for tax fraud.
ROME (Reuters) – Italian Prime Minister Enrico Letta failed to secure backing for a vital package of fiscal measures on Friday as divisions with center-right partners in his fragile coalition took the government to the brink of collapse.
Letta flew back from a visit to New York with coalition unity already in tatters after a threat by center-right lawmakers to walk out over Silvio Berlusconi’s battle against a conviction for tax fraud.
MILAN (Reuters) – Silvio Berlusconi has prepared a video message that could announce a decision to bring down Italian Prime Minister Enrico Letta’s coalition government, one of his staunchest supporters said on Thursday.
As talk mounted of an imminent crisis, President Giorgio Napolitano, who appointed Letta in April, warned of the “serious risks” the government’s fall would bring to Italy.
ROME (Reuters) – Italy’s new government will make few substantial changes to the much-criticized labor reform adopted last year by former premier Mario Monti, Industry and Welfare Minister Enrico Giovannini told parliament on Tuesday.
The unpopular reform made it harder and more expensive to hire workers on temporary contracts and slightly easier to fire permanent staff.
ROME (Reuters) – President Giorgio Napolitano completed a rapid round of talks with Italy’s parties and is expected to name a new prime minister on Wednesday, ending a stalemate since February’s inconclusive election.
Italy has been politically adrift in the middle of a recession as the centre-left Democratic Party (PD), which has the most seats in parliament, failed for two months to cut a deal with the centre-right of former prime minister Silvio Berlusconi or the anti-establishment 5-Star Movement.
ROME (Reuters) – Italy’s president held urgent talks on Tuesday aimed at naming a prime minister to head a coalition government backed by the rival parties on the centre-left and centre-right and end two months of post-election stalemate.
Hopes that a government can be formed quickly gave a further boost to financial markets on Tuesday, with the yield on 10-year Italian government bonds dropping below 4 percent and the spread, or risk premium over German bonds, narrowing further.
ROME (Reuters) – Italy’s president held urgent talks aimed at naming a prime minister on Tuesday after two months of post-election stalemate, with the young center-left mayor of Florence Matteo Renzi emerging as a late candidate for the job.
Former Prime Minister Giuliano Amato is widely considered to be the favored choice of President Giorgio Napolitano, who has the final say and is expected to make the appointment late on Tuesday or Wednesday.
ROME, April 16 (Reuters) – Thousands of idled Italian
workers staged a sit-in in front of parliament on Tuesday and
trade unions threatened strikes unless the government steps in
to back a temporary jobless scheme which is running out of
Italy’s often divided union confederations united to call on
Mario Monti’s caretaker government to find around 1.5 billion
euros to guarantee payments due to some 700,000 workers sent
home on reduced pay under the “cassa integrazione” scheme.