1- Telecom Italia, de Puyfontaine appointed chairman
The French manager, CEO of Vivendi, the transalpine telecommunications group, main shareholder of Telecom Italia, was today appointed president of the Italian telecommunications company. Go to the article.
2- Borsa, FCA gives charge to Piazza Affari
The reduction in the decline in car sales on the US market rewards FCA which gains 5% on the Stock Exchange and infects Ferrari – Piazza Affari (+1%) among the best price lists in Europe – Atlantia and Banca Generali also do well – Sales instead on Stm, Brembo, Unicredit and Prysmian. Go to the article.
3- Maneuver, Padoan asks Brussels for a discount of 8-10 billion
The Minister of Economy has written a letter to the European Commission to ask for a structural adjustment of the deficit equal to 0,3% (instead of 0,8%): in this way 6 billion interventions would be sufficient to avoid the increase in the VAT. Go to the article.
4- Istat, surprise: GDP is growing more than expected
The Statistical Institute has revised upwards the preliminary estimates for May for the first quarter of 2017. It is the highest level since 2010. Household consumption is up but investments are down. Leap forward in agriculture. Go to the article.
5- Mps: EU Commission approves the recapitalization, provided that…
Here are the conditions under which the European Commission has given the go-ahead for the capital injection by the Treasury: the ECB must give its consent, confirming that the bank is capable of producing profits and will have to hand over all non-performing loans to private investors. The protections for junior bondholders. Go to the article.
