Gavin's Feed
Nov 22, 2012

Florence mayor plays youth card in bid to lead Italy

* Florence mayor Renzi wants to kick out centre-left old
guard

* Young, effective TV performer appeals to many on
centre-right

* Critics say he is image politician, more style than
substance

By Gavin Jones

ROME, Nov 22(Reuters) – Matteo Renzi, the fresh faced mayor
of Florence who wants to shake up Italy’s ossified political
establishment, is slick, dynamic, and above all young.

Renzi, 37, says that only by picking him as their leader can
centre-left voters finally “scrap” a discredited party hierarchy
that has failed for two decades to counter the political
dominance of former Prime Minister Silvio Berlusconi.

Oct 16, 2012

Spain aid request would help Europe: Italian official

ROME (Reuters) – A request by Spain for help to lower its borrowing costs would be welcomed by markets and would be good for the euro zone but Italy would not necessarily follow suit, the head of Italy’s debt management office said on Tuesday.

Maria Cannata said in a television interview with Sky Italia that from a financial point of view Italy’s current 10-year bond yields of almost 5 percent could be maintained indefinitely, noting that the level was low by historical standards.

Oct 11, 2012

Italy’s growth and debt outlook worsens – Reuters poll

ROME (Reuters) – Italy will have another year of recession in 2013, deeper than the government expects, and its huge public debt will steadily rise to a new peak by 2014, a Reuters poll showed on Thursday.

The consensus of more than 20 economists polled in the past week projects a 2.4 percent contraction in the euro zone’s third largest economy this year – the same as the government expects.

Oct 4, 2012

Italy moves to rein in graft, local government finances

ROME (Reuters) – Italy’s cabinet approved emergency legislation on Thursday to rein in the spending of regions and provinces and avoid any repetition of recent financial scandals involving local government.

In one such incident, which came to light last week, police seized documents related to expense claims at the regional government of Piedmont and on Wednesday the head and four employees of a tax collection agency were arrested for allegedly pocketing some 100 million euros ($130 million) of the money they had gathered.

Oct 4, 2012

Italy moves to rein in graft, local gov’t finances

ROME, Oct 4 (Reuters) – Italy’s cabinet approved emergency
legislation on Thursday to rein in the spending of regions and
provinces and avoid any repetition of recent financial scandals
involving local government.

In one such incident, which came to light last week,
police seized documents related to expense claims at the
regional government of Piedmont and on Wednesday the head and
four employees of a tax collection agency were arrested for
allegedly pocketing some 100 million euros ($130 million) of the
money they had gathered.

Oct 4, 2012

Italy moves to rein in graft, local gov’t finances

ROME, Oct 4 (Reuters) – Italy’s cabinet approved emergency
legislation on Thursday to rein in the spending of regions and
provinces and avoid any repetition of recent financial scandals
involving local government.

In one such incident, which came to light last week,
police seized documents related to expense claims at the
regional government of Piedmont and on Wednesday the head and
four employees of a tax collection agency were arrested for
allegedly pocketing some 100 million euros ($130 million) of the
money they had gathered.

Sep 20, 2012

Italy’s growth outlook still dismal after Monti reforms

ROME (Reuters) – Prime Minister Mario Monti may have saved Italy from ruinous default but the growth potential of Europe’s most sluggish economy is as weak as ever, and that means prospects for lasting debt reduction remain fragile.

Thanks to his decisive austerity measures and personal credibility, the economist and former European commissioner has put Italy back at the centre of European decision making and helped to lower its borrowing costs.

Sep 20, 2012

Analysis: Italy’s growth outlook still dismal after Monti reforms

ROME (Reuters) – Prime Minister Mario Monti may have saved Italy from ruinous default but the growth potential of Europe’s most sluggish economy is as weak as ever, and that means prospects for lasting debt reduction remain fragile.

Thanks to his decisive austerity measures and personal credibility, the economist and former European commissioner has put Italy back at the centre of European decision making and helped to lower its borrowing costs.

Sep 14, 2012

Businessman splashes out on advert to save Italy’s “sinking ship”

ROME (Reuters) – A businessman spent nearly 100,000 euros on a three-page advertisement in Italy’s two largest newspapers on Friday to slam politicians and call for new leadership to end years of decline.

“Our country is like a boat in the middle of the sea, full of holes and about to sink,” said the advert in the Corriere della Sera and Repubblica dailies placed by Gabriele Centazzo, chairman of kitchen maker Valcucine SpA.

Jun 28, 2012

Italy’s Monti under pressure, president worried

ROME, June 28 (Reuters) – The euro zone debt crisis risks
becoming a political crisis for Italian Prime Minister Mario
Monti, who is facing mounting pressure to achieve results to
ease Italy’s borrowing costs at the European Union summit that
started on Thursday.

President Giorgio Napolitano said he was worried by the
increasing conflicts among the parties who back Monti in
parliament, with speculation continuing to swirl over the risk
that the government could fall within a few months.