The move, very similar to the one made last December by the South Korean government, could trigger a powerful repatriation of capital with international repercussions. Economists want to understand its feasibility, scope, and timing.
The €30,6 billion offer for MPS, launched just under a month ago by Intesa together with Bper, could only be stopped by a substantial relaunch on the market
Europe has approved derogations from the Stability Pact for energy, extending the application of the National Safeguard Clause to defense. The EU has issued six recommendations to Italy, which remains under excessive deficit procedure, according to the package of...
Deputy Prime Minister Matteo Salvini's party, which has always been cold on sanctions against Russia and support for Kiev, says no to the former Soviet country's entry into the European Union: "It would represent economic and social damage."
The center-left lost ground in Reggio Calabria but held firm in Prato and won Pistoia. Turnout dropped by about five percentage points.
A new meeting of the Emilia-Romagna permanent tobacco sector committee reiterated concerns about the revision of the EU directive and its potential impact on the supply chain.
Who will be the next president of the FIGC? Malagò or Abete? Whoever it is, we hope he truly initiates the rebirth of Italian football. But we also hope the government won't interfere except to push the two candidates...
The withdrawal of Undersecretary Freni from the race for Consob presidency, citing a conflict between his role in the government and the independence required of those who lead the market regulator, appears to pave the way for Commissioner Federico Corneli. The appointment…
With the May Day Decree the government aims to reward "virtuous" companies and to curb contractual dumping, but the political issue of the powers that have been allowed to expire and the discussions with the unions and opposition that have never really taken off remains.
The Leonardo case reveals that politics demands loyalty from managers, regardless of their performance in the field and their market appreciation. It's a flaw in public companies, but even in private ones, things aren't always rosy.
The Brothers of Italy MP and former Undersecretary of Culture was sworn in at the Quirinale Palace as the new Minister of Tourism. A swift appointment following Santanchè, amidst support from the majority and criticism from the opposition.
The ministry led by Valditara and the trade unions have reached an agreement. Teachers and professors will receive over €130 more per month and €800 in arrears; school and administrative assistants will receive €107 with €633 in arrears.
The fiscal revision of the Budget Law has neglected commitments made regarding old incentives, retroactively cutting previously reserved tax credits. In particular, the lack of resources for those who were forced out of work under the Transition Plan is highlighted...
The former Tourism Minister's letter to Prime Minister Meloni: "I have performed my duties to the best of my ability, and to date my criminal record is spotless." Del Mastro and Bartolozzi's resignations arrived yesterday. Schlein: "We are ready for early elections."
The private sector's surrender to the decline of the former Ilva steelworks is the result of three failures: the market, the Italian system, and the government. But it's also a sign of realism.
Since March 8th—a highly symbolic date—Consob has had a woman at its helm following Paolo Savona's departure at the end of his term: Chiara Mosca has become acting president while awaiting the decision of the political class.
The stock market is hitting MPS hard, which lost 4% yesterday and 18% in a week. It certainly doesn't appreciate Lovaglio's ouster, but his dismissal isn't a surprise: woe betide anyone who doesn't go along with the...
Savona's term as president of Consob expires on March 8th, and choosing his successor is the most challenging appointment the government must make. Finding a competent candidate isn't enough; he must also, and above all, be...
The final technical adjustments and final approval are underway with center-right leaders before the text's official filing. The Democratic Party denounces a lack of transparency and accuses the majority of acting unilaterally.
The national waste repository, an essential first step, is foundering amid public opposition and the inconclusive decommissioning of our old power plants, entrusted to Sogin. With costs ballooning to €11 billion, €3 billion more than estimated over five years, the…
The measure, according to a statement from Palazzo Chigi, will generate savings of €5 billion. For vulnerable families, the subsidy will increase to €315 per year. €1 billion in aid for Cyclone Harry has also been approved.
President Sergio Mattarella unexpectedly presided over the plenum of the Superior Council of the Judiciary and, in the midst of the dispute over the justice referendum, called on the institutions to "respect each other, at all times, in the interests of the Republic."
The war in Ukraine divides Italy: right and left clash over the supply of weapons and available resources. To escape the blockade, Italy must choose between stronger European deterrence or a peace based on dialogue and defection.
The failure to exercise the Golden Power eliminates a major regulatory uncertainty and reduces the risk of merger delays. Shares rise on the Milan Stock Exchange, on a positive day for the banking sector.
The retirement age is once again adjusted to life expectancy, and if forecasts hold true, the requirements will rise further until 2040. Meanwhile, spending will grow, rekindling the usual conflict between politicians and generations, like a duel...
According to Reuters sources, Pirelli's main shareholders, Camfin and Sinochem, will not renew their shareholders' agreement, which expires on May 19, 2026, prompting the government to review the Golden Power to define future governance and support the country's competitiveness.
Starting today, Friday, January 16th, the first cigarette price increases, up to 30 cents per pack, will take effect. Today's increase only affects certain brands and will be followed by further increases for all other brands still excluded.
Recognition of caregivers comes only to a few and with limited contributions, while the reorganization of the National Health Service postpones operational choices and resources to future implementing decrees.
The extraordinary commissioners of the former Ilva have launched a lawsuit against ArcelorMittal for alleged mismanagement, claiming that the multinational left the Taranto plants in a state of abandonment and decay, causing serious industrial and financial damage.
From arrest to release at dawn on January 12: the story of Alberto Trentini, a Venetian aid worker detained for over a year without formal charges. Also released was Turin businessman Mario Burlò, who had been in prison since November 2024. However, others remain...
Rather than exposing the contradictions within the government on economic policy, the opposition often ends up working for the King of Prussia with criticisms that resemble litanies and fail to grasp the true essence of the problems. This is why:
Amid controversy over the Fornero reform, adjustments to pension requirements, and accusations of worsening, numbers, logic, and graduality emerge that explain political choices and their impact on the pension system.
The prospect of a UniCredit takeover of MPS is intriguing the financial community and could ignite the banking game well into 2026, but Orcel will once again have to contend with the government, which is not only a shareholder in the bank...
The 2025 of the Italian banking sector, between failed mergers and excessive constraints, has shown the tension between national interests and European rules, with Unicredit-Bpm the symbol of the crisis
The 2026 Budget Law brings an increase in excise duties on diesel starting January 1st, while gasoline drops to its lowest level since 2021. Here's how fuel prices are changing and the impact on motorists.
A few hours after Flacks Group's social media announcement, the clarification came: negotiations have begun, but the sale isn't complete. Unions are on the warpath.
Tim is making waves. After receiving the final approval of the Supreme Court of Cassation for the award of one billion euros in concession fees, another dramatic development has arrived that will surely boost the stock price with the…
The long legal battle, lasting almost 25 years, between TIM and the Italian government over a concession fee paid in 1998 has come to an end. What does it mean and what happens now?
The new condominium reform by the Brothers of Italy party revolutionizes building management after 13 years, with stricter rules on administrators, payments, and security.
The changes introduced therefore extend the time for parliamentary approval: the examination in the Senate will begin on December 22nd, final approval in Montecitorio between Christmas and the end of the year.
There will be no gradual increase as initially planned. The increase in financial transaction taxes will be immediate and will serve to avoid a dividend hit.
As in the days of the neighborhood thieves, Tabacci mince his words in denouncing the government's maneuvers that altered market rules and paved the way for Monte dei Paschi's takeover of Mediobanca.
The Milan Public Prosecutor's Office's investigation into the takeover of Mediobanca by MPS and its shareholders Caltagirone and Delfin, with an eye on Generali, sheds new light on the upheavals of Italian finance, where the government's role has been predominant...
It was time to shed light on the privatization of Monte dei Paschi and the takeover of Mediobanca, but the timing leaves many doubts: it was necessary to clarify the situation before the operations shook the Italian financial system, not afterward. Without...
Antonio Decaro's election in Puglia could break the deadlock at the Taranto steelworks: a strategic asset for Italy's industry, defense, energy, and geopolitical role. But a government shift is needed to find a business-friendly solution.
The rift emerged after the meeting at Palazzo Chigi, which decided to confirm the plan that would, in effect, lead to the group's shutdown. Fim Fiom and UILM decided to mobilize with assemblies at all plants and for all...
To raise funds, the Government is considering introducing a reduced rate of 12,5% on gold bars and coins to bring to light all those goods without a purchase certificate.
After Monday's rumors, the first confirmations have arrived. In an effort to clarify matters and emphasize that UniCredit does not pose a threat to national security, the bank has filed an appeal with the Regional Administrative Court (TAR). But the government is not backing down and is considering a...
Courtesy of the author Luigi Fiorentino, we publish excerpts from his essay in the book "La rivoluzione meridionale" by Guido Dorso, published by Feltrinelli. The ruling class Italy needs today is not one born from self-referential circles, but rather one…
But the real million-dollar question is another: how can we block the three-month increase in retirement age (and what about the seniority requirement?) for workers employed in strenuous and demanding jobs, when this increase doesn't…
The government envisions a two-track approach for banks, but the ABI (Italian Banking Association) has only approved the postponement of the DTAs. Negotiations are ongoing until Friday, but a showdown is looming.
Sébastien Lecornu returns to Matignon with a 34-minister cabinet. Lescure is confirmed as Minister of Economy and Barrot as Minister of Foreign Affairs, while Nuñez joins the Interior Ministry. "A free and purposeful government," the prime minister declares. The Republicans are split, with the opposition already poised for a no-confidence vote.
A quick and cordial meeting. The banks reportedly agreed to do their part, but with some restrictions. Giorgetti: "There are many proposals circulating."
Websim's analysis: The NEC is an EU-approved accounting device that allows member states to exempt defense spending from their annual deficit calculations, allowing them to increase their budgets without violating the…
The agreement for the use of SPID has been renewed until 2030. But now other operators could make it a paid service.
French Prime Minister Sébastien Lecornu has submitted his resignation to Emmanuel Macron, who has accepted it. The barrage of criticism from the opposition has forced him to step back.
According to the Financial Times, Unicredit could offer a third of its board seats to convince Berlin to take on Commerz; alternatively, it would focus on organic growth in Poland or targeted acquisitions such as mBank, controlled by the German giant.
The Council of Ministers approved the merger between Saipem and Subsea7, tying the creation of Saipem7 to energy security, defense, and strategic technologies. The final vote will be held on Thursday.
Banco BPM CEO Giuseppe Castagna sees Crédit Agricole as "a good opportunity" but doesn't rule out MPS as a strategic alliance. The bank also remains open to discussions with the government on deferred tax assets (DTA).
According to Bloomberg, the Treasury is considering a temporary suspension of deferred tax assets (DTAs) to raise €1,5 billion in 2027, up to €3 billion in the two-year period 2027-2028. Stocks are under pressure on the Milan Stock Exchange.
The independent Mediobanca we knew until today no longer exists because its conquest by MPS was not a market operation but a power operation, mortgaged by the government's role as a player, as had also happened…
A fiery week for France, as Bayrou's centrist government faces a confidence vote on Monday, September 8th. The crisis is financial rather than political, and Paris also risks a credit rating cut. Macron is moving forward with...
From today, Italian financial capitalism is changing face and its capital is no longer Milan but Rome, a city where finance finds itself dangerously close to the temptations of political power.
An exciting Thursday awaits Italian and international finance: on the 21st, Mediobanca will hold its shareholders' meeting. Following the ECB's approval, the meeting seeks consensus on the takeover bid for Banca Generali, which will determine the future of Italian financial capitalism. At Jackson Hole...
After days of protests from the scientific community, Health Minister Orazio Schillaci has decided to backtrack and revoke the appointments that had brought two anti-vax doctors to the Committee for Vaccination Policies. The embarrassment of...
The appointment of two anti-vax doctors to the Ministry of Health's Committee on Vaccination Policies is the latest government folly, reviving Trump's healthcare populism and infuriating pharmacologist Garattini: "This is how you insult those who have died…
The RAI reform is entering its final stages with 11 proposed laws and a parliamentary clash expected. The government is aiming for a swift resolution, but the opposition is challenging the bill, raising concerns about the concession, license fee, and appointments.
At the Ministry of Economy and Finance, victory is being celebrated for Unicredit's withdrawal from the takeover bid for Banco BPM, but there are at least four reasons that cast doubt on the Government's true success, and the French of Credit Agricole become the bank's largest shareholders...
The government's reference to national security concerns in UniCredit's takeover bid for Banco BPM and the different treatment of the two takeover bids (UniCredit and MPS) are failing to convince the EU, which is giving the…
The historic former Ilva steelworks in Taranto, which is crucial for the production of flat rolled products for a large part of the Italian industry, is in chaos, but it doesn't seem that Minister Urso has yet found the key to saving it.
No one has yet understood the real effects of the EU and TAR ruling on the Golden Power applied to UniCredit's takeover bid for Banco BPM, but one thing is clear: the prerequisites for the Golden Power put in place…
According to a Eurobarometer survey, 75% of Italians believe the government is not doing enough to combat climate change. Trust in European institutions is higher than in the national government.
Bloomberg reveals it, according to which the DgComp measure will arrive in the afternoon. For Brussels, only the EU would have the legal power to impose conditions. Stocks soar on the stock exchange
For the public exchange offer of Unicredit on Banco Bpm, Wednesday 9 July will be the day of judgment of the TAR on the Golden power. If the administrative court gives reason to Orcel, the Ops will be relaunched, otherwise it will go towards its decline…
The involvement of Enpam, Enasarco and Cassa Forense in Mediobanca raises doubts about prudence and welfare purposes. The government reassures: no risk to the solidity of the institutions and highly profitable investments so far
The Spanish government authorizes the takeover bid by BBVA on Banco Sabadell but requires that the merger take place in three years or more. It is the latest proof of the spread of statism in European banking systems, which is also under the…
Ministry and Unioncamere relaunch school-work alternation with new rules on safety and skills certification. Here are the details
The government dominates the banking game between strategic blocks and golden power, but interventionism leaves more than one doubt about the real balance between public interest and power games
With a surprise board meeting, Mediobanca examined and accepted Caltagirone's request to postpone tomorrow's meeting to receive more information on the Mediobanca-Generali-Banca Generali triangulation. It is not fair play but the observation that in the meeting the Ops…
Faced with the crushing defeat in the referendums, the left consoles itself with the number of voters but in politics it is not enough to participate: only winning matters but Schlein and Conte seem to forget about it
Geert Wilders withdraws the PVV and brings down the Dutch government less than a year after its birth. The issue is immigration policy. In the afternoon, Prime Minister Schoof resigns
This year there is not even a hint of privatization while the idea of nationalizing the former Ilva is gaining traction after the Taranto steel disaster
The state of the Italian and international economy, the effect of tariffs but above all the banking risk: these are the three major themes at the centre of the Final Considerations that the Governor of the Bank of Italy Fabio Panetta will present this morning
The Court raises doubts on the correctness of the appeal of the first-instance ruling. The stock slides on Piazza Affari after reaching three-year highs
The orientation of the Governor of the Bank of Italy in the face of the evident interference of the Government in banking mergers will be the focus of the Final Considerations of 30 May
Open Fiber evaluates the sale of the Pnrr lots to Fibercop to guarantee the timing of the Italy 1 Giga Plan. Opening in discussion with the government on sustainability and strategic objectives
As happened in the Canadian vote, fear of tariffs pushed voters to prefer the anti-Trump candidate. Albanese, originally from Puglia, was the first to lead the Labor Party to victory in Australia. And with these…
The economic historian, who has always been out of the chorus, rejects the government's banking interventionism but is the first to explicitly criticize the incomprehensible silence on the matter of the Bank of Italy and the ABI, which have so far failed to react to political interference.
Donnet's victory at the Generali meeting was overwhelming, but is it a decisive victory or a Pyrrhic victory? Everything will depend on the Mps takeover bid for Mediobanca and its effects on Piazzetta Cuccia and the Leone. Here are the scenarios that…
The long-awaited Generali assembly opens the crucial phase of the great game of Italian finance that will end with the battle over Mediobanca and its effects on the Lion of Trieste • GENERALI Lists, numbers, decisive votes: what you need to know…
The most important world leaders will participate in the ceremony in front of St. Peter's
Unicredit challenges the restrictions on the offer for Banco Bpm: "They hinder sound management". The bank is considering appealing to the administrative courts, while the offer on the market is approaching
Under the pretext of "national security", the Government shows that it puts political interests before economic ones. The result? Damage to Italy's image and a flight of foreign capital
The Government's decision on the application of the golden power to Unicredit's offer on Banco Bpm should arrive on Friday 18th or at the latest on Tuesday 22nd. Three possible scenarios
The Council of Ministers has extended the deadline for catastrophe insurance: medium-sized businesses until 1 October 2025, small and micro businesses until 1 January 2026. Large businesses must meet today's deadline, but without penalties for 90 days
The Council of Ministers has approved new rules for passports, which will be equipped with a microchip and non-renewable. Identity cards will also be valid for travel to non-EU countries. Here are the details
The deals aim to increase size, reduce costs, create synergies and transform Italian banks into European players, but political resistance and government interventions are slowing down innovation and growth in the sector
With a measure, the government will correct the misalignment created by the three-rate tax reform, preventing advance payments from being calculated according to the old rules
Ex Ilva, the commissioners choose Baku Steel: confidential negotiations begin. Who is in the Azerbaijani consortium that launched the offer: numbers, employment stability and new production cycle. Cautious unions
The parade of bankers at Palazzo Chigi aims to reassure the Government that the takeovers have no hostile intentions and do not jeopardize the defense of Italians' savings, but in reality it is the casual use of the Golden Power by…
