Paolo's Feed
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.

Aug 30, 2014

Fiat-Chrysler sees New York stock market listing on Oct 13

RIMINI, Italy, Aug 30 (Reuters) – Fiat-Chrysler aims to list
shares in the newly merged carmaker in New York on Oct. 13,
Chief Executive Sergio Marchionne said on Saturday, adding that
a decision on any capital increase would be made at the end of
that month.

He was speaking a day after the merger between Fiat and its
U.S unit Chrysler cleared its last remaining hurdle.

Feb 16, 2014

Renzi set to become Italy’s youngest prime minister

ROME (Reuters) – Center-left leader Matteo Renzi was set to be nominated as Italy’s youngest prime minister in a matter of days after a party coup forced Enrico Letta to resign as premier of the euro zone state struggling to pull out of recession.

Letta bowed out on Friday after his Democratic Party (PD) forced him to step aside and make way for Renzi, 39, who is promising bold economic reforms and a government than can survive until 2018.

Feb 15, 2014

President set to nominate Renzi as Italy’s youngest premier

ROME, Feb 15 (Reuters) – Young centre-left leader Matteo
Renzi was set to be nominated as Italy’s youngest prime minister
this weekend after a party coup forced Enrico Letta to resign as
premier of the euro zone state struggling to pull out of
recession.

Letta bowed out on Friday after his Democratic Party (PD)
forced him to step aside and make way for Renzi, 39, who is
promising bold economic reforms and a government than can
survive until 2018.

Feb 15, 2014

Italian president poised to tap Renzi as country’s youngest PM

ROME (Reuters) – Italy’s president may ask young center-left leader Matteo Renzi to become its youngest ever prime minister this weekend after a party coup that forced Enrico Letta to resign as premier of the euro zone state struggling to pull out of recession.

Letta bowed out on Friday after the leadership of his Democratic Party (PD) forced him to step aside and make way for Renzi, 39, who is promising bold economic reforms and a government than can survive until 2018.

Nov 27, 2013

Italy PM Letta wins confidence vote as Berlusconi moves to opposition

ROME (Reuters) – Italian Prime Minister Enrico Letta won a confidence vote on the 2014 budget, reinforcing his coalition government a day before the Senate is expected to ban center-right leader Silvio Berlusconi from parliament over a tax fraud conviction.

Berlusconi’s Forza Italia party voted against the so-called Stability Law, which it described as “completely mistaken, with neither head nor tail”, formalizing its break with Letta after seven months in his left-right coalition.