Mario Monti, the head of what is effectively a caretaker Italian government, has mulled his options ahead of general elections that will at some stage have to take place in Italy.
As if he didn’t have a big enough problem juggling Italy’s financial crisis, prime minister Mario Monti now also has to deal with the financial crisis reaching critical point at regional and city level too.
Italian prime minister Mario Monti has stated its willingness to open negotiation with Swiss authorities over a bilateral tax treaty which would tax Italian nationals holding deposits in Switzerland.
Italy’s Prime Minister Mario Monti has agreed to compromise in crucial negotiations with the main political parties on labour law reforms to ensure the proposals’ passage through parliament.
The presiding council of the Association of Italian Bankers (ABI) has resigned en masse, in protest at the liberalisation measures being pushed through by Mario Monti.
Italian prime minister Mario Monti said his country is becoming more relaxed about its role in the ongoing discussion about how to create a better firewall against financial contagion in the eurozone.
Italian and Swiss officials are once again in talks about a tax treaty aimed at preventing the use of Swiss banks across the border as a tax haven.
Swedish prime minister Fredrik Reinfeldt today called Greece “bankrupt” and said he supported Germany’s position on future oversight of the Greek national budget.
Buying Italian debt is ‘dangerous’ but ‘attractive’, says former hedge fund manager George Soros, a veteran of many globally critical investment decisions.
The reform of the Italian economy is critical to the survival of the euro. But success also depends on external factors out of the Italians’ control.
The politicians in Rome are getting restive, raising concern about the continued survival of the reforms being introduced by the new government. Separately, Italy has been described as the frontline for the battle to save the euro because, unlike the peripheral economies of Greece, Portugal and Ireland, Italy is too big to bail out.
The Italian austerity package outlined by Prime Minister Mario Monti has eased the near-term pressure on the country’s rating by strengthening the credibility of its attempt to balance its budget in 2013, says Fitch Ratings.