One year after the sudden death of the former President, the bank is launching three two-year scholarships in his memory to support European finance, international economics and monetary policy students
The Roman economist died at the age of 76: a Bocconi graduate, he had joined the Bank of Italy in 1967, reaching the position of general manager - He was a minister for less than a year, in the Letta government - Mustier: …
In his new book "Cracks in the system - The shattering of the global economy" the former Director General of the Bank of Italy and former Minister of the Economy comes to terms with the economic and political turbulence of our day but remains convinced that, despite many…
The company offices and the members of the board committees were also appointed
Ok to the proposal to set the number of directors at 15 - New board elected: Saccomanni new president, Mustier confirmed to "even beyond 2019"
CEO Mustier celebrates the results of the first year of the new plan with a 74% increase in EBIT, profit to 5,5 billion, a sharp cut in NPLs and confirmation of all targets - Pay out at…
"Good governance - continued Saccomanni - constitutes a key element that is adequately assessed both by investors and by the supervisory authorities" - 44,3 million non-performing loans sold to the Hungarian EOS Faktor Zrt. The campaign is underway…
The former Minister of the Treasury is the favorite to take over the position occupied by Giuseppe Vita for the next three-year period 2018-2021 - To allow his co-optation, the former vice president and board member Fabrizio Palenzona has resigned - Useful…
The short essay by the former Minister of the Economy is taken from a volume just published by the types of Luiss University Press which collects the interventions of numerous scholars and experts of economics and European issues and entitled "Europe, a challenge for…
INTERVIEWS OF THE WEEKEND - The former CEO of the Bank of Italy and former Minister of the Economy, Fabrizio Saccomanni, speaks: "England makes us angry and its short-sightedness is there for all to see. Europe made a mistake but go back that would be risky. He has to find…
The shareholders (and in particular the Cariplo Foundation and the Compagnia Sanpaolo of Turin) will choose the future president of Intesa Sanpaolo who will emerge from the April meeting, but the recommendations of the Supervisory Board chaired by Giovanni Bazoli, which…
The Bruno Visentini Foundation will set up an Observatory on European regulation of banks and insurance companies and its impact on Italy - The flood of rules, too oriented towards financial stability rather than growth, risks damaging banks and insurance companies - The…
"The great crisis from which we are laboriously emerging would have been far worse if it hadn't been for the euro, Europe and the ECB": said the Minister of Economy, Fabrizio Saccomanni
The agreement with Switzerland on the question of Italian capital illegally exported to the Confederation seems close - the Minister of Economy Fabrizio Saccomanni claimed on the sidelines of the World Economic Forum - Penalty discounts are also ready for "the taxpayer who…
"The Italian economy stabilized in the third quarter and we have strong indications that it started to grow again in the fourth" - said Economy Minister Fabrizio Saccomanni during a debate in Davos - "In 2014 growth is expected…
According to the number one of the Treasury, the decree will arrive tomorrow - The green light is also expected for the postponement of the terms for the payment of Inail premiums in self-payment for the current year (from 16 February to 16 May).
In the hearing on the Imu-Bankitalia decree in the Finance Committee of the Chamber, Saccomanni said that "the results of using different valuation methods led to a preference for the amount of 7,5 billion" - The maximum amount of dividends distributed to participants is …
The Economy Minister met the banking unions today, reiterating that he is at work to find a solution to the issue of the stake held by the Foundation - The unions: "Viola and Profumo will not resign from tomorrow's Board of Directors".
After the tussle over the salaries of teachers, the Treasury reports that "the dicastery led by Carrozza was notified last December 9 of the need, pursuant to the law in force, to make the withdrawal but did not intervene ...
The Economy Minister predicts that the year that has just begun could be the turning point: "The recovery will consolidate and families and businesses will pay less taxes" - On the resignation of Deputy Minister Fassina: "Political reasons, it has nothing to do with the relationship between our".
Economy Minister Fabrizio Saccomanni believes that no Italian bank risks liquidation: "The problem is for the banks that need to be liquidated. I am convinced that the case of liquidation is an extreme case that will have absolutely no relevance for…
During a hearing in the Senate, the Minister of Economy explained the need to cover the residual part of the second Imu installment: citizens will have to pay 40% of the expected higher revenue in the municipalities that have raised the rates -…
The Treasury minister will present today to the Eurogroup "the privatizations, the spending reveiw, the project for the shares of the Bank of Italy and other things that we believe respond to the EU's findings".
The new goal is to save 32 billion between next year and 2016 - resources that "must go mostly to tax reductions, as had been foreseen and repeatedly indicated, but also to finance investments...
According to the minister, "in 2015 growth will be close to 2%", but Confcommercio does not agree: there will be no recovery - As for the Stability law, "we are not afraid of the large number of amendments - added Saccomanni - but…
To reduce taxes, it is necessary to lower the debt by taking one of two alternatives: either to introduce a strong balance sheet which would weigh above all on honest taxpayers or to privatize - Any country that has not lost its bearings would know what to do -…
These are the words of Economy Minister Fabrizio Saccomanni, meeting reporters in London at the end of the summit with the Governor of the Bank of England Mark Carney.
The Treasury Secretary to the Financial Times: "If I know the markets, they want to see some concrete action at some point, perhaps before the end of the year"
SAVINGS DAY – On the tax side, Saccomanni revealed that the spending review will allow for a greater decrease in the tax burden than that currently indicated in the programmatic framework, to around 43% in 2016", and that "spending savings ...
Italian bond market in great turmoil and confidence in today's BTP auction while the spread narrows - The markets look to the Fed with confidence in the hope that the tapering will stay away - Piazza Affari starts on the rise -…
Meetings today in Rome for World Savings Day - The title of this edition is "Savings driving force behind production recovery" - Among the speakers were Saccomanni and Ignazio Visco, governor of the Bank of Italy - The Minister of Economy had already spoken yesterday …
In terms of the spread, Saccomanni hypothesizes "a gradual reduction of the yield differential on ten-year government bonds compared to German ones to 200 basis points in 2014 and to 100 in 2017, a level in any case higher than those ...
According to the Minister of Economy, "our banking system has proved to be among the most solid of all advanced economies, despite a very long crisis that has brought other systems to their knees, and certainly one of the best supervised and governed…
In-depth analysis starting in November on three points: risk assessment, asset quality and balance sheet maintenance - For stress tests, a parameter of 8% for primary tier 1 capital according to the definition of the fourth directive and…
In a meeting with the foreign press, the former general manager of the Bank of Italy announced a dual regime "which favors the loyal taxpayer and punishes the unfair one".
With reference to the controversy aroused by Poste Italiane's investment in Alitalia, the spokesman of the European Commissioner for Competition, Joaquin Almunia, explained that Brussels is waiting for the notification of the operation to begin the analysis - Saccomanni: "No protectionism"
The minister rejected as an "impressionistic assessment" the idea that a bank crisis must inevitably lead to bankruptcy: "It remains a rare event".
"There is no decree, it is already law": thus the Economy Minister, Fabrizio Saccomanni, leaving the Senate after the explanations of vote on trust in the Letta government.
Economy Minister Fabrizio Saccomanni threatens to resign if political forces prevent him from meeting the 3% deficit ceiling: "Enough slogans, it's time to tell the truth to the Italians" - Arrogant reply from the PDL: Saccomanni resigns …
The words of Economy Minister Fabrizio Saccomanni will reassure the Italian economic panorama: the spread of 100 basis points over Germany is close and possible. Italy, according to the minister, seems to be coming out of the recession.
The Government approves the Def, revises the 2013 GDP negatively to -1,7% and foresees a "tendiential" overshoot of the deficit ceiling at 2013% for 3,1 - But Letta assures us: we will keep our word - Saccomanni adds: good the…
If tomorrow the Italian accounts should show an overrun of the 3% ceiling in the deficit/GDP ratio, the European Commission could do nothing but reopen an excessive deficit procedure. But the Minister of Economy, Fabrizio Saccomanni, let it be known that…
It will be difficult to avoid the increase in the VAT rate from 21 to 22% in October: the news emerged after yesterday's conversation between Economy Minister Fabrizio Saccomanni and the Vice-President of the European Commission, Olli Rehn.
The Economy Minister talks about the joint document from Genoa: "I appreciated it immediately, but to achieve it, everyone's contribution is needed. We will do our part with the Stability law" - Then the speech at the Confindustria Study Centre: " The intervention…
From Cernobbio, Economy Minister Fabrizio Saccomanni defines the agreement between Confindustria and the unions to face the challenges of growth as unrealistic - "It goes in the desired direction, but shows a very high expenditure bill and is immediately charged…
The Treasury indicates nine possible ways to modify the Imu: the total abolition of the first home would be the worst case scenario, because it is socially unfair and risky for public finances - Saccomanni focuses on the "service tax", which would unify the various municipal taxes - PDL:…
The Economy Minister expressed a negative opinion for the early vote before progress on the reforms - "It would be very harmful", he said in an interview with the WSJ - Government able to complete the planned reforms by the end of the EU Presidency,…
The minister of the economy interviewed on Sky Tg24 is optimistic about the beginning of the recovery - "With a positive sign in the fourth quarter, easier management of public finances" - Possible another 10 billion by the end of the year for the debts of the PA -…
"There are signs of improvement", said Saccomanni and Visco in unison as they left the three-way summit at Palazzo Chigi which lasted two hours and therefore, despite the perplexities that emerged on the eve ("Resumption in October but stability needed…
The Government is working on an encore decree. The decree will introduce simplification measures for businesses, credit facilitation and new measures for energy. The reform of the Imu and of the cadastre remain at the center of the political debate. Other…
The Prime Minister Enrico Letta, speaking to the employees of the Revenue Agency and Equitalia, argued that in Italy there is too much black economy and that the Government is willing to hunt down those who illegally export capital...
This was announced by the Minister of Economy, Fabrizio Saccomanni, during the presentation of the data on the state of the payments of the Public Administration's debts.
Negative performance on the Stock Exchange for the large state-controlled companies after Minister Saccomanni opened their sale to reduce public debt - Heavy Finmeccanica and Enel, limits Eni's damages.
Treasury Minister Fabrizio Saccomanni opens to the sale of shares in public companies such as Eni, Enel and Finmeccanica to reduce debt - The alternative is to use them as collateral for reduction schemes.
Yesterday the protagonists of the financial sector decided to meet to talk about the credit crunch, which now damages "even healthy companies", as Saccomanni himself recognized - The goal is to reduce the weight of banks in the general system of…
Credit funds are funds that do not enter capital but contribute resources in the form of debt - "The role of the shadow banking system could prove to be of support for the recovery of the economy" said Minister Fabrizio Saccomanni
The Executive is also available to evaluate a reform of the shareholding structure of the Bank of Italy "in the short term" and "in concert with the ECB" - According to the minister, there are "the first signs of recovery: Italy has all the potential to reverse the…
With the frontal attack on Minister Saccomanni, defined as not very courageous or "inadequate", the PDL is pushing the tone of its electoral-flavored controversy, up to a limit from which it will become difficult to go back - And from the point of view…
The Minister of Economy, Fabrizio Saccomanni, in a press conference at the end of the IMF mission, assured that the Government will reopen the dossier on privatizations
"The trend of Italian public finances in the first half of the year is consistent with the objective of keeping the deficit within 2,9% of GDP by 2013". This was stated by Economy Minister Fabrizio Saccomanni during the hearing before the budget commissions of…
At the meeting of the European finance ministers it was decided that in the event of bank failure, shareholders, bondholders and deposits will pay, in order, over 100 thousand euros: only after having paid at least 8% of the liabilities, the states will be able to exempt…
"The hypothesis that the Italian Republic used derivatives at the end of the XNUMXs to create the conditions required for entry into the euro is absolutely groundless": thus Economy Minister Saccomanni at the end of the CDM this morning.
The three-month postponement would cost a billion (funds that the Treasury technicians may have already found) and would allow the government to buy time to find the necessary coverage for the complete sterilization of the increase.
At the end of the Ecofin meeting in Luxembourg, Economy Minister Fabrizio Saccomanni once again spoke about the recent increase in interest rates, stating that this was due to tensions of a global nature and not to European factors. Saccomani declared himself satisfied with the…
Fabrizio Saccomanni, Minister of the Economy, during his speech at the Tax Police School of the Guardia di Finanza, underlined how the fight against tax evasion cannot be slowed down since "it distorts inequalities between companies, increases the tax burden for the…
The Minister of Economy Fabrizio Saccomanni answered the question time in the Senate on the possibility of avoiding the VAT increase - He spoke of the hypothesis of reducing the VAT by three months or postponing it for a period of time
The new president of Assonime, Maurizio Sella, urges the Government to sign a memorandum of intent with Europe on the conditions for recovery to favor the drop in rates and the relaunch of credit or through the intervention of the ECB on the secondary market…
According to the economy minister, the public administration debt measures "should help the economy recover from the third quarter and return to growth next year"
Economy Minister Saccomanni answered questions from journalists on the OECD report, which shows that the weakness of our banks is one of the causes of Italy's recession
The Government is also working to try to avoid the two billion increase in health care bills that would start in January 2014 - As for the public accounts, according to the head of the Treasury, after the probable closure of the European procedure,…
The Minister of Health Beatrice Lorenzin and the Minister of Economy Fabrizio Saccomanni would be working on this hypothesis starting from cost savings already made - The work would already be at an advanced stage
INTERVIEW WITH FILIPPO CAVAZZUTI ON POLITICS AND BUREAUCRACY - "The cultural superiority of two great ministers of the Treasury such as Andreatta and Ciampi was such that the high bureaucracy had no escape: the leadership of the ministry was in their hands". "Saccomanni is…
Despite the tax on financial transactions, in the first four months of 2013 daily trading on shares in Piazza Affari increased compared to the average for the whole of 2012 - But Assosim warns: "The volumes of foreign institutional investors are decreasing".
According to the Treasury Minister, the repayment of commercial debts to companies supplying the public administration will help to give "important support to the economy and many estimates do not take into account the impact of these measures".
The decree on the postponement of the tax that will arrive tomorrow in the Council of Ministers will concern only the first homes and perhaps rural houses: for every intervention in favor of companies, such as the one expected on industrial warehouses, there is a lack of coverage - In…
Meanwhile, the decree for the payment of 40 billion of public administration debts passed to the Senate after yesterday's go-ahead in the Chamber.
The new minister of the Economy slaughters clichés and illusions about taxes and public spending - Tax reductions must be concentrated on work and businesses, the spending review must be relaunched and the deficit ceiling…
According to the Economy Minister, "he hypothesizes a burden on the public debt that is probably higher than what was achieved with the reduction in interest rates on the financial markets in recent weeks despite the political uncertainty".
The new economy minister said that the imminent exit from the excessive deficit procedure "will allow Italy to negotiate margins of flexibility with the European Union that can be used to favor national and European priority objectives" - Expected decree of 'urgency…
