The President of the European Council, Herman Van Rompuy, has welcomed Italy’s new austerity measures and said they are «crucial» for the entire eurozone.
08/9/2011
— Filed under: Politics
Tags: Italy, measures, Van Rompuy
Italy has had to pay much more to borrow than a month ago as investors continue to worry about its huge debts.
Italian business confidence fell more than economists predicted in July amid signs the recovery in the euro region’s third-biggest economy is losing pace.
07/20/2011
— Filed under: Business
Tags: business confidence, Italy
European ministers held emergency talks in Brussels today as the region’s sovereign debt crisis threatened to engulf Italy.
07/14/2011
— Filed under: Без рубрики
Tags: crisis, eurozone, Italy
Italian police have arrested the brother of the Sicilian Mafia’s one-time top boss in another blow to Cosa Nostra on the island.
Italian police have arrested Corleone Mafia chief Gaetano Riina after a three-year investigation.
07/5/2011
— Filed under: Crime
Tags: arrest, Italy, Mafia godfather
Italy’s lingering problems with government-mafia links have not improved and, according to opposition members, are being allowed to flourish by the current government. Organized crime groups in Italy work not only in tandem with politicians, but with ‘legitimate’ corporations, particularly larger ones
Some of Italy’s biggest banks are moving to increase their capital to comply with tougher rules on how much lenders must hold in reserve.
The European Union’s bailout fund should be strengthened and its mandate should be expanded to allow it to buy bonds on the market and finance troubled banks directly, a senior Bank of Italy official said on Tuesday.
An Italian judge ordered the seizure of a combined 7,3 million euros ($10 million) from Credit Suisse (CSGN.VX) and Lehman Brothers over a 2,2 billion euro securitisation issue, the Naples prosecutor’s office said.
