Föhrenbergkreis Finanzwirtschaft

Unkonventionelle Lösungen für eine zukunftsfähige Gesellschaft

Posts Tagged ‘Italy’

Ex-Chef von Italiens Krisenbank Monte dei Paschi freigesprochen

Posted by hkarner - 7. Dezember 2017

Giuseppe Mussari war erstinstanzlich zu dreieinhalb Jahren Haft verurteilt worden.

Ein Berufungsgericht in Florenz hat am Donnerstag den ehemaligen Chef der Krisenbank Monte dei Paschi di Siena (MPS), Giuseppe Mussari, freigesprochen. Er war beschuldigt worden, in der Bilanz des Jahres 2009 Verluste in Höhe von 300 Mio. Euro verheimlicht zu haben. Erstinstanzlich war er zu dreieinhalb Jahren Haft verurteilt worden.

Freigesprochen wurden auch der Ex-Generaldirektor Antonio Vigni und Ex-Finanzdirektor Gianluca Baldassarri. Letzterer arbeitete von 2001 bis 2012 bei Monte Paschi. Er führte die Finanzabteilung, die im Zentrum der Betrugsermittlungen steht, und verließ die Bank kurz nach Amtsantritt des derzeitigen Konzernchefs Fabrizio Viola im Jänner 2012. Er hatte acht Monate in Untersuchungshaft verbracht.

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Italy Labors to Integrate Refugees in Weak Economy

Posted by hkarner - 20. November 2017

Date: 19-11-2017
Source: The Wall Street Journal

For a nation with holes in its social safety net, ‘a challenge that makes your hands shake’

ROME—Ibrahima Sillah arrived in Italy three years ago on a rickety boat.

He says he is illiterate and speaks virtually no Italian. A farmer back home in Gambia, Mr. Sillah has only occasionally managed to find work picking fruit, for less than three euros an hour, despite having a work permit. He lives in a tent city behind a Rome train station.

“I can’t do anything without a job,” said Mr. Sillah, who is 30 years old. “It’s too important.”

Italy is facing a daunting challenge integrating refugees, even as the pace of seaborne arrivals on its shores shows signs of slowing. Since 2012, 150,000 people have won refugee status in Italy, and another 155,000 asylum applications are pending.

Other European countries, such as Germany and Sweden, are wrestling with the same task. But Italy is doing so with a chronically weak economy, high unemployment and a state bureaucracy that often fails to provide a social safety net even for native-born Italians. And many refugees lack marketable skills, according to officials and aid groups. Den Rest des Beitrags lesen »

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Italien-Aus sorgt für Kurssturz an Mailänder Börse

Posted by hkarner - 14. November 2017

Der Kurs der Mediengruppe RCS an der Mailänder Börse ist am Dienstag eingebrochen – einen Tag nach dem Aus der italienischen Fußballnationalmannschaft in der Qualifikation für die WM-Endrunde 2018.

orf.on, 14/11

RCS ist Eigentümer der wichtigsten italienischen Sportzeitung „La Gazetta dello Sport“. Der Handel mit der Aktie wurde ausgesetzt, nachdem ihr Wert um 8,83 Prozent auf 1,115 Euro gefallen war. Den Rest des Beitrags lesen »

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The origins of the Italian regional divide: Evidence from real wages, 1861-1913

Posted by hkarner - 7. November 2017

Professor of Economic History, University of Pisa

Professor of Economic History, Sant’Anna School of Advanced Studies

Professor of Economic History, University of Siena

 

Giovanni Federico, Alessandro Nuvolari, Michelangelo Vasta 06 November 2017, voxeu

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Ex-Premier Renzi attackiert Notenbankchef

Posted by hkarner - 18. Oktober 2017

Dominik Straub aus Rom, 18. Oktober 2017, 17:51 derstandard.at

Ignazio Visco habe die italienischen Krisenbanken zu lasch kontrolliert

Der Misstrauensantrag gegen Ignazio Visco, der formal keiner war, kam in Form einer Motion des von Ex-Premier Matteo Renzi geführten Partito Democratico: In dem Vorstoß wird die Regierung aufgefordert, an der Spitze der Banca d’Italia, der Zentralbank, eine Person zu installieren, die „geeignet ist, neues Vertrauen in das Institut zu garantieren“. Außerdem solle die Exekutive dafür sorgen, dass die Kontrollfunktion der Zentralbank über das Bankensystem wieder gestärkt werde.

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Italiens Notenbank hadert mit neuen Regeln zu Problemkrediten

Posted by hkarner - 5. Oktober 2017

5. Oktober 2017, 19:34 derstandard.at

Auf Italiens Banken entfallen rund 30 Prozent der mehr als 900 Mrd. Euro an Problemkrediten in Eurozone

Rom – Italiens Notenbank drängt einem Insider zufolge auf eine Aufweichung neuer Richtlinien der EZB-Bankenaufsicht für den Umgang mit notleidenden Krediten. Die Bank von Italien wolle zumindest erreichen, dass mit Sicherheiten unterlegte, neu als Problemdarlehen eingestufte Kredite ausgenommen werden, sagte eine mit der Situation vertraute Person der Nachrichtenagentur Reuters.

Auch der Altbestand an faulen Krediten solle ausgegliedert werden. Die neuen Vorschriften der EZB-Bankenaufseher sollen zwar nur für solche Kredite gelten, die ab Jänner 2018 neu als ausfallgefährdet eingestuft werden. Italien befürchtet aber offensichtlich, dass diese künftig auch für den Bestand an Problemdarlehen in den Bankbilanzen gelten werden. Den Rest des Beitrags lesen »

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Eurozone Economic Sentiment Hits 10-Year High

Posted by hkarner - 1. September 2017

Date: 31-08-2017

Source: The Wall Street Journal

Improvement is led by rising confidence among industrial companies and the services sector

FRANKFURT—Economic sentiment in the eurozone reached its “highest level in more than 10 years”

in August, led by rising confidence among industrial companies and in the services sector, the European Commission said Wednesday.

Its Economic Sentiment Indicator, which aggregates business and consumer confidence, jumped to 111.9 from 111.3 in July. This marks the highest level since July 2007. Economists surveyed by The Wall Street Journal had expected a stable outcome.

Italy recorded the sharpest rise in economic sentiment among the region’s largest economies, followed by France and Spain—a sign the recovery is spreading. The mood, however, eased slightly in Germany and the Netherlands, the region’s traditional powerhouses. Den Rest des Beitrags lesen »

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Why are fewer irregular migrants arriving in Italy?

Posted by hkarner - 29. August 2017

Date: 28-08-2017
Source: The Economist

The number of people making the dangerous crossing via the central Mediterranean is falling

RECENT weeks have seen an abrupt shift in the pattern of irregular migration in the Mediterranean. A deal last year between the European Union and Turkey all but sealed the eastern sea route to Greece. Italy then received the lion’s share of arrivals, with more than 100,000 people entering the EU in 2016 from the south, most having set off from Libya. Now that route appears to have been disrupted too. Arrivals in July were down more than 50% on last year. The fall this month looks as if it will be even steeper: by August 22nd, 2,745 migrants had landed without authorisation in Italy, compared with 21,294 in the whole of August last year. The number of arrivals in Spain, however, is rising: on August 16th, more than 600 migrants were rescued—the highest one-day figure since 2014. What is going on?

Various explanations have been offered. The EU’s border control agency, Frontex, has pointed to changeable weather, increased activity by the Libyan coastguard and violence in Libyan city of Sabratha, lately the main centre for migrant smuggling. Others have cited Italy’s tougher controls. The government has provided equipment for and trained the Libyan coastguard, as well as deploying its own naval vessels in support. It has offered funding to tribes in southern Libya to block the flow of economic migrants and political refugees. And it has imposed restrictions on NGOs carrying out search-and-rescue operations off the Libyan coast. Den Rest des Beitrags lesen »

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Why France and Italy can’t help clashing

Posted by hkarner - 12. August 2017

Date: 10-08-2017
Source: The Economist: Charlemagne

From Asterix and Caesar to Macron and Gentiloni, the two nations needle each other

CAST your mind back to July 9th, 2006. Italy had just won the World Cup. Charlemagne was in Rome and joined the rumbustious football fans marching through the centre. A great victory, he said to the young woman next to him. “Yes,” she shot back. “And all the better for having been won against the French.”

France and Italy are no exception to the rule that a country’s relations are often trickiest with its immediate neighbour. The final had seen an Italian flattened in a style that would have made Asterix and Obelix proud. In extra time, with the French unable to penetrate Italy’s tight defence, their star player, Zinedine Zidane, turned on the man marking him, Marco Materazzi, and head-butted him. Mr Zidane had been provoked: Mr Materazzi later admitted that he “spoke about his [opponent’s] sister”. But it was still a brutal piece of retaliation, and Mr Zidane was sent off. Den Rest des Beitrags lesen »

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Italy Sees Signs of Migrant Tide Turning

Posted by hkarner - 11. August 2017

Date: 10-08-2017
Source: The Wall Street Journal

Steep decline in seaborne arrivals since July spurs hopes that smuggling crackdown is paying off

Migrants, miles from the Libyan coast, waited to be rescued last week.

A sharp drop in the number of seaborne migrants arriving in Italy in the past month is raising hopes that the country—and Europe—may have turned the corner in its four-year migration crisis.

Since the start of July, the number of migrants seeking to reach Italy from Libya has dropped by 60%, a remarkable shift in a year that seemed set to break records for seaborne arrivals of migrants. Through the end of June, Italy counted nearly 84,000 arrivals, 17% higher than the same period in 2016, putting it on track to surpass last year’s 180,000 arrivals.

In July, 11,000 migrants arrived, less than half the number in July 2016, while so far in August, just under 1,587 arrived. In August 2016, 21,300 people arrived from Libya. Den Rest des Beitrags lesen »

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