Alessandro Profumo has appointed engineer Marco Zoff, son of the legendary goalkeeper of Juve and the national team, as head of purchasing control for the Leonardo group: he has already been nicknamed Mister Costi
Borsa, Milan the best: banks at a gallop and lively Mediaset - Migrants, Italy ready to close its ports - Confindustria: leap forward in GDP estimates. Ok from S&P - Spending review: government approves 1 billion cuts to ministries -…
The Council of Ministers has approved the Dpcm which reduces the expenditure of the ministries for the three-year period 2018-20. The proposals of the ministries to reduce expenditure by 1 billion a year must reach the Ministry of Economy by 20 July. Excluding…
Extraordinary Commissioner Yoram Gutgeld: "If we remove interest on debt and pensions, we have done better than all OECD countries except Greece in these three years" - Padoan: "I hope we will no longer read that the spending review will not…
In Italy, the reduction of public spending seems impossible: spending is halved from the new budget - The technicians make the proposals but the politicians reject them because they fear losing consensus - But the cases of Portugal, the Gran…
The Government must find 10 billion to cut in the next maneuver and the jungle of Italian tax breaks alone is worth 161,14 billion euros - Insurance companies and banks are unlikely to be affected (the increase would be passed on to citizens) -…
According to the analysis by the CGIA of Mestre, the Government will need 75,4 billion over the next 4 years to prevent the safeguard clauses from being triggered.
The premier returns to his proposal for a tax revolution that has wrong-footed both the opposition and the dem minority: "It is a pact that I propose to the Italians: reforms in exchange for tax cuts. If the reforms go ahead, we will be…
For commissioners Gutgeld and Perotti it will not be easy to reach the target which would allow avoiding the 16 billion VAT increase planned for 2016 - Here are the main expenditure items on which the interventions are concentrated.
FROM THE INPIU' SITE - The approaching regional elections do not favor real spending cuts, which in fact are postponed - The Government has three cards to play (low rates, capital repatriation and growth) but it would take a…
Carlo Cottarelli's plan on public spending review made available on the internet - The proposals would have led to a cost cut of 59 billion from 2014 to 2016.
The government's goal is to guarantee savings of 10 billion euros, which will be used to avoid the tax increase foreseen by the safeguard clauses weighing on the 2016 accounts.
In the next meeting of the Council of Ministers, Prime Minister Matteo Renzi plans to choose Cottarelli's successors for spending: Gutgeld and Perotti in pole position - but the new spending will be different and will mainly aim to reduce…
The possible increase in local taxation would be linked to the spending review imposed by the government as one of the fundamental items to cover the maneuver, which should impose savings on the Regions in the order of four billion, but the minister underlines that "the…
Renzi announces a very expansive Stability Law: 30 billion in all - 16 will come from the spending review and the rest will be recovered by raising the deficit/GDP ratio to 2,9 - There will be no new taxes but cuts: Irap will drop…
According to reports from Il Messaggero, the government is preparing the early closure of the doors of the ministries: everyone goes home two hours before the time - set today for 20pm - and therefore work will be concentrated entirely by 18pm,…
The commissioner will remain in the saddle until the launch of the Stability law, then he will return to the IMF - The various ministers will have to make proposals for spending reductions aimed at the 3% target, proposals which will then be integrated with measures of the…
According to the spending review commissioner, the mission is possible, "given that we start from a primary expenditure base of 700 billion", but we need to "go further, look beyond 2015 and foresee other stages" - The focus is now on the last…
After the success in Europe with the appointment of Mogherini and the new reforms, the real litmus test for the Renzi government has two names: spending review and labor market reform - Draghi also said it...
According to the number one of the Treasury, "further margins for efficiency improvement and savings are possible and the Government is already implementing measures that will allow progress in this direction" - "More decisive recovery from 2015 onwards" - "Premature…
The commissioner will send a dossier to Palazzo Chigi today with a "rationalization proposal with the general objective indicated by the policy of reducing the number from 8 thousand to a thousand in three years" - Savings estimated at "two-three billion" - In…
The Chambers of Commerce are ready for a reform process which envisages the unification of Chambers and special companies, the reduction of directors, the rationalization and cuts in expenses: the press release from Unioncamere.
The study by the Bruno Leoni Institute highlights the opportunity to introduce direct interventions both to limit the perimeter of regulated activities, recovering space on the market, and to contain the remuneration recognized, suggesting a series of measures aimed at limiting extra profits, removing…
The Council of Ministers has finalized the decree which includes the cut of Irpef for income from 8 thousand to 26 thousand euros - Ceiling of 240 thousand euros for the salaries of public administration managers - Municipal companies…
According to the Deputy Director General of the Bank of Italy, Luigi Federico Signorini, the resources that can be recovered through spending cuts alone will not be sufficient to finance the personal income tax relief and avoid the increase in the tax burden on…
The Council of Ministers has approved the Def which sets the 2014 GDP growth target at 0,8% in compliance with European parameters - The latest news is the increase in the levy on the capital gains of the banks' shares in Bank of Italy…
There is a lot of talk about spending reviews now, but in reality this formula has its origins almost a decade ago, to be exact from 2006 - With results, in terms of cost savings, that are anything but exciting.
Tomorrow the Government will present the new Economic and Financial Document and the Prime Minister insistently asks the Treasury that the text also contain the substantial abolition of the Chambers of Commerce - In the Def the new macroeconomic forecasts…
A decree law with the spending review cuts will provide a large part of the financial coverage for the relief announced by Prime Minister Matteo Renzi for employees, which will start in May. But it certainly won't be enough. The commitment made by the boss…
The problem of thinning out unnecessary structures or duplications has been dragging on for half a century: now Carlo Cottarelli's spending review has to face a jungle that includes 173 entities, to which we must add the 27 professional orders, for which…
The commissioner for the review of public expenditure underlined that the figure provided in the previous hearing (3 billion euros) was a conservative estimate and that in eight months it could reach up to 5 billion, but that "this depends...
If Prime Minister Matteo Renzi was unable to immediately launch the measures for tax relief from the tax wedge, the reason lies only in the impossibility of assigning the necessary financial coverage to the measure. Not that there isn't the possibility of…
The extraordinary commissioner for the review of spending Carlo Cottarelli unveils his plan in a hearing in the Senate - Savings of 18 billion by 2015, but only 3 in 2014 - Among the measures envisaged: cuts in golden pensions,…
"I'm the first to say that if they want someone else, I'll step aside. I'm waiting to see if the new government has an interest in keeping me or I'll leave": said the extraordinary commissioner at Bocconi…
Of the 7.340 Italian public companies, as many as 7.065 are controlled by Municipalities, Provinces or Regions - One out of three is at a loss and - according to the numbers reported today by Il Messaggero - the overall red has now exceeded 2,2…
The more than 7 state-owned companies make the Italian situation anomalous in an international context - This is supported by the extraordinary commissioner for the review of expenditure Carlo Cottarelli - "By the end of February decisions will be taken that…
The commissioner for the spending review will have to implement a series of structural changes: intervening on individual expenditure items would be a titanic undertaking and, overall, not very useful - Only the big bureaucrats know where to intervene to reduce…
The EU Commissioner recalls that “Italy must respect a certain rate of debt reduction and it is not doing so. The structural effort should have been equal to half a point and of the GDP, instead it is only 0,1%": therefore the…
"If all 32 billion were used to reduce taxes on labour, it would bring taxation to the average level in the euro area": said the extraordinary commissioner for the review of public spending, Carlo Cottarelli.
Cottarelli added that "in early March" the first suggestions on where and how to cut will arrive - The Commissioner specified that new ideas are coming from meetings "with general directors of ministries and ministers": public managers must…
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".
Letta: "The resources found will be aimed at three major objectives: a further reduction in taxes on labour, some targeted productive investments in public spending and the reduction of debt and deficits" - Cottarelli: "the first phase of the work…
The spending review planned by the government to cut 32 billion in three years will affect all sectors, from healthcare to pensions, from public employment to Rai - This was announced by Commissioner Carlo Cottarelli, in charge of reviewing public spending…
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...
This afternoon the Interministerial Committee for the spending review meets, which will have to approve Cottarelli's plan and pass it to the Chambers - The Budget Committee in the Senate begins to vote on the amendments to the Stability Law - Expected by…
In all, public spending reaches 800 billion euros, but not all sectors can be reduced - Several chapters in the sights: health, municipal companies, consultancy, public real estate, Consip purchases.
The spending review will be led by Carlo Cottarelli, former head of the budget department of the International Monetary Fund. In recent days, Prime Minister Enrico Letta had declared that he wanted him as commissioner, today the council of ministers made the decision official.
Letta guarantees that the cut of the wedge will be "the heart" of the Stability law: to finance it, a new cut to tax breaks will probably come - Meanwhile, Saccomanni closes the speech on VAT: "There is nothing left to do" - In Perhaps…
The salary of ECB president Mario Draghi pales in comparison to those of the managers of Italian Treasury companies - An implementing decree from the ministry is needed to extend the ceiling on the salaries of top management, among others, of CDP,…
The National Association of Insurance Companies, ANIA, with the conference on 29 November "Health: ensuring medicine and protecting citizens" gave the opportunity to discuss one of the hottest topics in current healthcare: protection from risk in…
The Council of State overturned two sentences of the Tar, confirming the inclusion of these private entities in the Istat list of public administrations - The coffers of professionals will therefore be subject to the cuts envisaged by the spending review.
The Ministry of Public Administration communicates the extent of the redundancies in the personnel employed, during a meeting with the unions - The cut of 4.028 units would result in savings of 342 million euros - 487 surpluses in…
The re-election of Barack Obama to the second term gives impetus to the White House, returning negotiating power to the President. Meanwhile, the Republicans and the financial community are moderately open to an agreement that also contemplates income tax increases in addition…
11 institutions have been suppressed: Inran, Odi, Arcus spa, the Experimental Cinematography Center Foundation, the Central Institute for Sound and Audiovisual Assets, the National Microcredit Body, the “Luigi Einaudi” Association, the Valore Italia foundation, for road infrastructure and…
The new map of the Italian provinces is almost ready and will be examined in November by the Council of Ministers - In the regions with ordinary statute their number will drop by 36 units, from 86 to 50 - Cut Benevento, Rovigo, Terni…
But further waste must be eliminated: "There are clearly useless public works", Minister Giarda declared at a meeting at the British Embassy - British Deputy Economy Minister Alexander: "It is essential for a government that wants to carry out a spending review to compromise itself to…
All understandable fears from a human point of view, those of precarious workers who see the spaces to enter the belly of that bandwagon that has been the school for decades becoming thinner and thinner, but perhaps we must remember that if for…
But the informed citizen is the one who really gains - No direct savings for the State: the National Health System always reimburses a fixed amount - The doctor will have to indicate the active ingredient on the prescription and no longer the…
The Government has shelved "forever" the hypothesis of suppressing holidays such as April 25 and June 2 and then celebrating them on the nearest Sunday - The proposal had been re-launched in recent months by an amendment by the Pdl.
In a letter to the Government dated August 10, the Head of State speaks of a spending review, recommending to the Executive that the measures be "consistent with the necessary priority of investments for innovation, research and training".
The new law plans to reuse 10 redundant teachers in the provincial area, who would teach subjects that are not theirs, taking away the jobs of other precarious workers - Those who are no longer suitable will be employed as ATA staff, resulting in other layoffs - Yes…
The Chamber approved the decree with 371 votes in favour, 86 against and 22 abstentions - No amendments were made to the text approved by the Senate - The decree ensures over 27 billion to the State - The news for…
Economy Minister Vittorio Grilli asked the House for a vote of confidence - The first operational phase of the spending review ensures savings of 4,5 billion in 2012, 10,9 billion in 2013 and 11,7 billion in 2014 for the State .
217 votes in favour, 40 against and four abstentions on the trust placed by the Government in the Legislative Decree on the spending review - Palazzo Madama has approved the maxi-amendment, which is now being examined by the Chamber.
Cuts on senators' responsibilities, spending review, personnel interventions: the spending review also involves the Senate budget - In the three-year period 2012-2014 effective savings of over 110 million euros will be achieved.
Federfarma has confirmed the closure of shops for today, to protest against the cuts envisaged by the spending review - Only the pharmacies on duty are open.
The rumor announcing cuts on thirteenth salary has been denied by the Government, at least for the moment there are no news regarding the payroll of public employees - A hard line instead for "inefficient" state employees, a new amendment introduces the…
The official confirmation arrives from the Superior Council of the Bank of Italy which approves the second and last mandate to the general manager Saccomanni: 6 years - His experience is essential after the changes made by the spending review decree.
The ranking of intermediate consumption of Italian municipalities, published by Il Sole 24 Ore on Siope data - Rome spends 5 times more on consultancy than Milan, 60% less on transport - Enna leads the…
Six amendments by 30 senators (first signatory Mario Baldassarri) to strengthen the spending review in view of the final vote on the law: more spending cuts, lower taxes for households and businesses, more divestitures, less debt and more growth - For…
There would be at least ten large Italian cities that risk bankruptcy, above all Naples and Palermo - The problem is the devaluation of 25% of the residual assets accumulated to date, imposed by the spending review - The decisive acceleration of…
The chairman of the Senate Finance Committee: "The medical prescription could be made mandatory for doses and not for packages" - As far as companies are concerned, "all the subsidies disbursed each year could be transformed into tax credits".
The goal is to arrive at final approval before the summer break of parliamentary work, in order to send a precise signal to the markets.
In the southern country, civil servants are equivalent to private ones, and can therefore be easily fired - This is what the government has been putting into practice for 4 years, in which it has cut 4,5% of the public workforce, and…
The Government has also relied on the professional and managerial experience of Enrico Bondi, the former "axe man" of Montedison, to launch the robust cost reduction plan - The reform will act on efficiency, labor costs, the containment …
The president of Federfarma Annarosa Racca announces new measures against the cuts envisaged by the spending review: "Possible lockout of pharmacies on July 26" - Today the sit-in in Piazza Montecitorio - The crux is the lowering of the spending ceiling for…
The spending review raises ritual protests from the categories affected but in reality it is a great opportunity to reform the PA and spend less to spend better - For civil servants there is a redundancy problem that can however…
The decree on the spending review abolished Isvap and Covip, entrusting the Bank of Italy with the supervision of insurance policies and supplementary pensions which will be led by the general manager of Via Nazionale, Fabrizio Saccomanni and implemented operationally through Ivarp.
It is curious to browse the list of entities that have been suppressed or transformed - among others: the Institute for Wildlife, the Italian Mountain Authority, the Committee for the link between the government and the FAO and the National Weapons Test Bank …
ALL THE POINTS OF THE DECREE ON PUBLIC EXPENDITURE CUTS - Monti: the State will save 4 and a half billion in what remains of 2012, 10 and a half billion next year and another 11 billion in 2014 - They are saved…
During the night the go-ahead for the measure arrived - The provinces were halved, but the 23% VAT increase was postponed from October to July 2013 - Savings for 2012 are 4,5 billion
The obligation for the Regions to close hospitals with fewer than 120 or 80 beds by October disappears from the decree on the revision of public spending - Renato Balduzzi, Minister of Health, takes the line: it will be the individual authorities…
The 20% cut to public bodies and the reorganization of small municipalities will also be skipped - These three interventions will be postponed to another decree that will perhaps arrive in August - Not even the reduction should appear in the next provision ...
With the upcoming decree for public spending cuts, the reorganization of the hospital network provides for the closure of 149 public hospitals in Italy - Balduzzi, Minister of Health, however, underlines that no automatic closure will be imposed by…
All the measures contained in the draft of the decree: reduction of workforce for the state, freeze on salaries and competitions, dark on health care and on funds for universities and research, unification of the Provinces and reduction of funds to the Regions - In…
In the Chamber, called to vote on the spending review, the majority is divided on the issue of procurement - The Democratic Party insists on an amendment rejected by the Government: Pdl and Third Pole vote "no" - According to the executive, the amendment risks generating disputes…
Prime Minister Mario Monti meets local authorities and trade unions - The next decree "is not a maneuver" - Intervention will be in 3 phases" - To avoid the VAT increase, the 4,2 billion planned are no longer enough: "a lot of more" -…
Vittorio Grilli, Deputy Minister of Economy, in a hearing in the Chamber, speaks of a medium-term spending review: "We cannot afford the costs of 6-7 national networks" - "No conflict between the Revenue Agency and the Territory Agency" - "Come in…
Instead, these are "structural measures" - The Premier assured that the priority is to eliminate waste and not reduce services - However, more than the 4,2 billion envisaged is needed to avoid the VAT increase in the autumn - Redundancies and …
After the successes reported in Brussels and recognized at European level, the Italian premier finds himself stronger in facing his battle to impose cuts and changes in the public sector, hitherto hampered by political parties and trade unions - For him…
Government summit today, meetings with trade unions and social partners tomorrow - A 1-2 billion cut on healthcare is on the way - The ax hits public employees: about 10 workers towards redundancy in 2012 and another 80-90…
The two structures will be merged respectively with the Customs Agency and the Revenue Agency - The government has also decided to cut the boards of public companies: the number of members will be brought to three.
4,2 billion are needed to be obtained in 7 months to avoid the VAT increase scheduled for October - Here are the measures contained in the measure approved by the Senate and which is being examined by Deputies.
After the examination in the Constitutional Affairs and Budget committees, the spending review lands tomorrow in the Chamber - The fiscal compact is being examined by the foreign affairs committee - The serious consequences of the earthquake in Emilia-Romagna will be brought to the attention of the Industry committee, which will hear the …
During the annual meeting of the National Council of Chartered Accountants, the president Claudio Siciliotti raised the alarm on the sting, valued at 14 billion for 2012, of Imu and VAT on the pockets of Italians - "Irresponsible tax pressure" - "Per …
There are just 112 amendments that have been presented by senators - Among the suggestions, the question of holidays to be abolished and celebrated on the next Sunday reappears, with April 25 and May XNUMX in the sights - The League asks for the…
Extraordinary Commissioner Enrico Bondi presented the time schedule of the interventions to be implemented during the meeting of the Interministerial Committee for the review of spending - Appointment for 12 June, "when the results of the spending review will be available…
