Gavin's Feed
Feb 25, 2013

Protest votes increase uncertainty in Italy election

ROME, Feb 25 (Reuters) – Italy’s parliamentary election drew
to a close on Monday with a predicted surge in protest votes
raising uncertainty over the chances it will result in a
government strong and stable enough to fend off the danger of a
new euro zone crisis.

Opinion polls before the two-day vote gave the centre-left
coalition led by Pier Luigi Bersani a narrow lead and Italian
stocks and bonds rose as traders bet on a pro-reform government
possibly backed by outgoing Prime Minister Mario
Monti.

Feb 25, 2013

Protest votes add to uncertainty in close Italy election

ROME (Reuters) – Polls in Italy opened for the second day of voting on Monday in one of the most closely watched and unpredictable elections in years, with a surge in protest votes fuelling fears of an unclear outcome that could hamper economic reform.

A bitter campaign, fought largely over economic issues, has been closely watched by financial markets, still wary after the debt crisis that took the whole euro zone close to disaster and brought technocrat prime minister Mario Monti to office in 2011.

Feb 22, 2013

Tremonti sees instability after Italian vote

ROME (Reuters) – Italy’s national election this weekend will produce a weak, unstable and probably short-lived government, former economy minister Giulio Tremonti said on Friday.

Tremonti, who is running at the head of a small party of his own, said that even if the centre left led by Pier Luigi Bersani confirmed its opinion poll lead and won a majority, it would be too small and fragile to produce an effective administration.

Feb 21, 2013

Newsmaker: Battered Monti may still be key player in Italy vote

ROME (Reuters) – Prime Minister Mario Monti has put his image as an independent technocrat at risk by joining the hurly-burly of Italy’s election campaign but investors hope he will retain a key role in government after the vote, whatever the outcome.

Monti’s centrist bloc is expected to come a lowly fourth in this weekend’s election, which polls suggest will be won by the center-left, but it may still be needed to help form a stable government.

Feb 21, 2013

Battered Monti may still be key player in Italy vote

ROME, Feb 21 (Reuters) – Prime Minister Mario Monti has put
his image as an independent technocrat at risk by joining the
hurly-burly of Italy’s election campaign but investors hope he
will retain a key role in government after the vote, whatever
the outcome.

Monti’s centrist bloc is expected to come a lowly fourth in
this weekend’s election, which polls suggest will be won by the
centre-left, but it may still be needed to help form a stable
government.

Feb 12, 2013

Pope’s resignation could hurt Berlusconi in Italian vote

ROME (Reuters) – Pope Benedict’s resignation could limit the chances of former Italian prime minister Silvio Berlusconi closing the gap on the center-left frontrunner before this month’s election, some pollsters and analysts say.

Berlusconi, who seemed certain to lose a few months ago, has staged an aggressive campaign based on tax-cut promises that has eroded the lead of Pier Luigi Bersani’s Democratic Party (PD) and raised the prospect of an inconclusive outcome.

Feb 4, 2013

Draghi informed of Monte Paschi doubts but not at fault: source

ROME (Reuters) – Mario Draghi was informed of doubts raised by Bank of Italy inspectors about the Monte dei Paschi bank but had little control over what has been widely criticized as ineffective oversight of the scandal-hit lender, a senior BoI source told Reuters.

The roots of the corruption and derivatives scandal at Monte dei Paschi (BMPS.MI: Quote, Profile, Research) all stem back to when Draghi, now president of the European Central Bank, was chief of Italy’s central bank from 2006 to 2011.

Feb 4, 2013

Draghi was informed of Monte Paschi doubts – central bank source

ROME (Reuters) – Mario Draghi was informed of doubts raised by Bank of Italy inspectors about the Monte dei Paschi bank but had little control over what has been widely criticized as ineffective oversight of the scandal-hit lender, a senior BoI source told Reuters.

The roots of the corruption and derivatives scandal at Monte dei Paschi all stem back to when Draghi, now president of the European Central Bank, was chief of Italy’s central bank from 2006 to 2011.

Jan 31, 2013

Analysis: Draghi’s new powers under Monte Paschi spotlight

ROME (Reuters) – As European Central Bank head Mario Draghi prepares to become banking supervisor for the euro zone, he can ill afford the charge that under his leadership, Italy’s central bank let scandal-hit Monte Paschi off the hook with woeful oversight.

The roots of the corruption and derivatives scandal at Monte dei Paschi de Siena (BMPS.MI: Quote, Profile, Research, Stock Buzz), the world’s oldest lender, all stem back to when Draghi was Bank of Italy governor between 2006 and 2011, and the central bank’s defense of its record has only reinforced the perception it was lax, dilatory and secretive.

Jan 31, 2013

Draghi’s new powers under Monte Paschi spotlight

ROME, Jan 31 (Reuters) – As European Central Bank head Mario
Draghi prepares to become banking supervisor for the euro zone,
he can ill afford the charge that under his leadership, Italy’s
central bank let scandal-hit Monte Paschi off the hook with
woeful oversight.

The roots of the corruption and derivatives scandal at Monte
dei Paschi de Siena, the world’s oldest lender, all
stem back to when Draghi was Bank of Italy governor between 2006
and 2011, and the central bank’s defence of its record has only
reinforced the perception it was lax, dilatory and secretive.