Confindustria: GDP slows down, revised estimates
According to the study center of the industrial association, "the growth indicated for 2017, although already completely unsatisfactory, is not taken for granted and must be conquered" - "More investments are needed" - "it is important that the Yes win in the constitutional referendum" - Read Article and also the comment by Ernesto Auci.
Maneuver, Renzi: "Neither health care cuts nor cigarette tax". But the VAT is scary
The Premier assures that the Stability law will not contain any tax increases, not even on cigarettes – Growth lower than expected, however, reduces spending margins and the safeguard clauses need to be defused: 15 billion are needed to avoid the VAT increase. Read the article by Carlo Musilli.
Wall Street restores peace of mind to the European Stock Exchanges
European stock lists all positive after the opening of Wall Street – Piazza Affari gains 0,34% – Moncler and Generali are up sharply, but also Unipol, Stm and Buzzi – Sales of Ferragamo, Mediobanca, Unicredit and Ubi – New troubles for Vw from dieselgate. Read the article by Elena Bonanni.
Metalworkers, the negotiation is unlocked
Federmeccanica seems to be oriented towards unblocking the thorny trade union negotiation for the renewal of the national contract for metalworkers - The executive board of industrialists has reiterated its intention to link wage increases to company productivity but seems to have overcome the prejudicial of wage increases at only 5% of the category, that is, only to workers under the contractual minimum – The parties will meet on 28 September. Read the news, anticipated by FIRSTonline.
Dieselgate, more trouble for Volkswagen: BlackRock is asking for 2 billion in damages
At the same time, Tilp also announced its intention to initiate legal action in order to guarantee investors total compensation of around 3 billion – In total, according to legal sources, the German company could face claims for damages between 5 and 8 billion euros. Read the full article.
