The German bank, expected today by a fiery shareholders' meeting that could already ask for the head of the new CEO Christian Sewing, has announced further cuts in the restructuring plan that would like to keep costs below 23 billion in…
The German bank has reached an agreement with the unions on redundancies: almost 10 cuts out of a total workforce of 45 employees.
After a long negotiation with government mediation, Minister Calenda announced that "the parties have signed a report". It will be submitted to a referendum as early as next week. The redundancies drop from 1338 to 980 and the cut…
According to Leonardo Maugeri's brief for Harvard, the cuts decided by the Organization of Exporting Countries will not be enough to counter the excess stocks, but will serve above all as psychological support to prices, which, however, seem destined to fall further, unless…
Green light from the board of directors to strengthen the capital of the German bank, which has renounced to sell Postbank.
The airline will present its new industrial plan on January 9 before starting discussions with the unions - Personnel cuts are growing - CEO Cramer Ball towards exit after his bankruptcy management -Alitalia will split in two:…
INTERVIEW WITH GIULIO ROMANI, secretary of First Cisl: "The General Manager of the Bank of Italy is right to say that the streamlining of bank workforces is unavoidable but that business models must first be changed: the real problem is…
SPENDING REVIEW - Welcomed to applause, the former public spending commissioner Carlo Cottarelli presents his book - "Some progress has been made, further progress is also difficult for this reason" - "Continue with the reduction of PA staff and internalize…
The increase in the National Health Fund of 2 billion which had been outlined in the text of the Health Pact signed this summer has almost been cancelled.
Cutting unproductive public spending by 40 billion euros to be used to reduce taxes, reducing the public debt by 300 billion with a real estate fund, devaluing the euro towards parity with the dollar: these are the three proposals presented…
At the start of the summit at Palazzo Chigi, the premier freezes the governors and asks for transparency. The glimmer of standard costs
The budget maneuver, which will be immediately sent to Brussels, rises from 30 to 36 billion euros: 18 will be for tax cuts, 15 for spending cuts and 3 for the fight against tax evasion - The maneuver will include…
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,…
To find the resources necessary to balance the Stability Law, the Premier focuses on semi-linear cuts to ministries: health care and business incentives in the crosshairs, pensions saved - Yesterday the new deadline for Tasi rates expired: in…
According to the CGIA study of Mestre and Unioncamere Veneto, the cuts in the annual fee owed by companies to the Chambers of Commerce, included in the Public Administration bill, will cost 400 million less investments in the area under the…
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.
The 2013 Oasi Report presented at Bocconi: if the contraction in investments in health care and the reduction in public spending continue, in some regions there is the risk of no longer being able to meet the needs of the population.
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…
15 fewer jobs in 2013. This is what the largest US bank by asset JPMorgan Chase predicts.
The French group Alstom quantifies the redundancies and announces a cut of 1300 jobs, without specifying the countries that will be affected. Production minister Montebourg said France would not feel the impact. Meanwhile, the title flies to the stock exchange.
Berec takes a position in favor of Agcom in relation to the proposal to reduce the wholesale ADSL prices imposed by Telecom on other operators in the sector for the use of the copper network - Meanwhile, after the Telefonica operation, the…
The financial crisis has reduced the profitability and margins of banks, partly guilty of irresponsibly riding the wave of creative finance, but also afflicted by a productivity deficit and technological innovation that make them, especially in the case…
Minister Grilli announced it during the meeting with the social partners: 6,5 billion euros will be used to prevent the VAT increase - Grilli: "It won't be a new maneuver" - Camusso threatens a general strike.
The parties try the blitz to sweeten or distort the pension reform but there is no coverage and Fornero tries to stop them - On the fight against corruption, the clash in the Government between Catricalà (supported by Severino) and Patroni Griffi on the commissioner…
IMF, EU and ECB have agreed with the Greek government on a new austerity measure for 11,6 billion in 2013 and 2014 - The details will be presented today by Prime Minister Samaras to the other political parties - A…
The government in Madrid has announced measures to return to the parameters required by the EU - VAT will rise from 18% to 21% - The net cut to ministries is 600 million - In local authorities the overall cut is…
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…
Severe reminder of the Governor of the Bank of Italy to the European Union: to save the single currency "a change of pace is needed" and "the unshakable will to preserve it" - But Europe's responsibilities do not cancel the tough tasks that await the Italy: cuts of…
Labor Minister Elsa Fornero announces a serious and severe fight against tax evasion. But she also announces a very tough spending review and proceeds taken from tax evasion destined to reduce the deficit
Few and very confused ideas against the spending cuts and the appointments of Bondi, Giavazzi and Amato wanted by Prime Minister Mario Monti to clean up public budgets and find the resources to reduce taxes - Brillano (in…
Enrico Bondi will be "extraordinary commissioner" - Minister Giarda's report on spending cuts is today in the CDM: from the unification of the provinces requested by the ECB to cuts to justice and the army - The aim is to postpone the VAT increase - I left…
Growth is the sore point of the economic maneuver but first of all it was necessary to secure the public finances - Now we need a drop in rates and shock therapy made up of major cuts in public spending (including…
by Ernesto Auci - Government proposal against the tide by Casini and Rutelli: lasting reforms and growth to change Italy's economic scenario - The courageous suggestions of Mario Baldassarri, Linda Lanzillotta (who translates the proposals put forward on Firstonline into amendments)…
by Marcello Messori* - The new maneuver is the minimum task that the ECB has asked of us but in many respects it risks being a lost opportunity - Rather than hitting middle incomes with the supertax, it would have been better to restore…
the prime minister: "There were no alternatives to the ECB's requests. I am saddened but satisfied with the balance of the maneuver, which was approved unanimously and in which I do not think I should place any trust in Parliament" - Tremonti: "Mix of cuts and…
