Paolo's Feed
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.

Nov 26, 2013

Berlusconi breaks with government ahead of Italy Senate showdown

ROME (Reuters) – Silvio Berlusconi’s center-right party declared on Tuesday it would vote against Italy’s 2014 budget, confirming its break with the ruling coalition a day before the Senate moves to expel the media tycoon over a tax fraud conviction.

Prime Minister Enrico Letta’s government has called a confidence vote to speed up the budget which parliament must pass before the end of the year and is expected to have the numbers to win even without Berlusconi’s support.

Nov 26, 2013

Berlusconi to break with government in budget vote

ROME, Nov 26 (Reuters) – Silvio Berlusconi’s party will vote
against the government in a confidence vote over the 2014 budget
and will announce its withdrawal from the ruling coalition, a
source in his Forza Italia party said on Tuesday.

Prime Minister Enrico Letta is expected to survive without
Berlusconi’s support, but the vote has brought the clash between
the two to a head a day before the Senate is expected to strip
the four-time premier of his parliamentary seat after his August
tax-fraud conviction.

Oct 21, 2013

Insight: Berlusconi struggles to keep party united after revolt

ROME (Reuters) – When Silvio Berlusconi set out to end Italy’s government last month, he didn’t consult the national secretary of his People of Freedom Party. Nor was the party’s secretary Angelino Alfano asked whether he wanted to resign as deputy prime minister of the coalition government; he was told to.

This government “is up to no good. It only wants to raise taxes,” a Berlusconi aide told Alfano by phone on the Saturday afternoon of September 28, according to a person close to the deputy premier. The aide said Alfano and the four other ministers of Berlusconi’s People of Freedom Party (PDL) had to step down immediately.