Paolo's Feed
Aug 25, 2015

Italy’s Renzi promises to pursue reform drive despite obstacles

RIMINI, Italy (Reuters) – Prime Minister Matteo Renzi vowed on Tuesday to forge ahead with his reform program despite growing opposition within parliament, saying Italy had to break free of 20 years of inertia and bickering.

Emerging after the summer break, Renzi dismissed suggestions he might have to hold early elections given the fractured political landscape and promised to deliver on sweeping tax cuts over the next three years.

Apr 30, 2015

Mediaset appoints Berlusconi’s son as CEO

ROME/MILAN (Reuters) – Italy’s biggest commercial broadcaster Mediaset appointed Pier Silvio Berlusconi as chief executive of his family’s business on Thursday, to steer the company through a fast-consolidating media industry.

The 46-year-old son of former Prime Minister Silvio Berlusconi will replace long-standing CEO Giuliano Adreani, the company said in a statement. Pier Silvio will remain deputy chairman of Mediaset, which has been at the centre of speculation about a possible deal with Vivendi.

Apr 30, 2015

Mediaset to appoint Berlusconi’s son as CEO-sources

ROME, April 30 (Reuters) – Italy’s biggest private
broadcaster Mediaset, at the centre of speculation about
a possible deal with Vivendi, is set to appoint Pier
Silvio Berlusconi as chief executive on Thursday, two sources
close to the matter said.

The 46-year-old son of former Italian Prime Minister Silvio
Berlusconi, whose family controls Mediaset via Fininvest, will
replace long-standing CEO Giuliano Adreani, the sources said,
confirming a press report. Mediaset had no comment.

Apr 29, 2015

Berlusconi meeting Thai businessman over Milan stake sale

ROME/BANGKOK (Reuters) – Former Italian Prime Minister Silvio Berlusconi met Thai businessman Bee Taechaubol on Wednesday to discuss the sale of a stake in Serie A football club AC Milan, which he has owned for almost 30 years.

A source close to Berlusconi said the meeting may not be decisive but would be “certainly very important”.

Apr 29, 2015

Berlusconi to meet Thai businessman over Milan stake sale-sources

ROME/BANGKOK April 29 (Reuters) – AC Milan owner Silvio Berlusconi will hold talks with Thai businessman Bee Taechaubol later on Wednesday to discuss the sale of a stake in the Serie A soccer club, two sources close to the matter said.

A source close to the former Italian prime minister said the meeting may not be decisive but would be “certainly very important”.

Mar 19, 2015

Italian minister to quit over corruption scandal

ROME, March 19 (Reuters) – Italy’s Transport Minister
Maurizio Lupi said he would step down on Friday after his
ministry was embroiled in a corruption inquiry involving
billions of euros in public works contracts.

Lupi has faced mounting pressure to resign since Monday,
when police arrested four people in a sweeping investigation
into the sort of graft that has long undermined Italy’s
chronically stagnant economy.

Mar 19, 2015

Italy minister may quit on Friday over graft scandal: sources

ROME (Reuters) – A senior Italian minister may quit as early as Friday over a corruption inquiry that is embarrassing Prime Minister Matteo Renzi’s government, two parliamentary sources said.

Transport and Infrastructure Minister Maurizio Lupi has faced mounting pressure to resign after police arrested four people in a sweeping investigation over corruption in public works contracts, the sort of graft that has long affected Italy’s chronically stagnant economy.

Jan 31, 2015

Italy elects senior judge Sergio Mattarella as president

ROME (Reuters) – Italian lawmakers elected Sergio Mattarella, a constitutional court judge and veteran center-left politician, as president on Saturday, handing a welcome political victory to Prime Minister Matteo Renzi.

Mattarella, speaking at his office in the Constitutional Court after the vote, said: “My first thoughts are of the difficulties and hopes of our citizens.”

Oct 30, 2014

Italy union head accuses Renzi of seeking confrontation

ROME (Reuters) – The leader of Italy’s largest union accused Prime Minister Matteo Renzi on Thursday of deliberately stoking conflict with the labor movement and ignoring the growing cost of the economic crisis for Italian workers.

Speaking a day after four workers protesting against job cuts at a steel plant in southern Italy were hurt in clashes with police, Susanna Camusso, secretary general of the CGIL, said the government had chosen a “logic of confrontation” to drive its political agenda.

Sep 26, 2014

Telecom Italia weighs overseas options, bid talk swirls

MILAN/ROME (Reuters) – Signs of interest from foreign bidders in Telecom Italia overshadowed a board meeting on Friday to discuss the company’s options after failing to expand in Brazil and struggling to exit from Argentina.

Top of the meeting’s formal agenda was the sale of its stake in Telecom Argentina – a $960 million deal the Italian group agreed nearly a year ago but that is now in doubt because it has not yet been cleared by regulators.