Italy
Italy's Fazio on economic and financial planning
In testimony given on 22 July Antonio Fazio of the Bank of Italy said in order to return to a path of growth, it will be necessary to remove the factors that cause uncertainty and weigh on the decisions of firms and households regarding investment and…
Fazio should be forced out of the Bank of Italy
According to this article published on Monday 15 August, Antonio Fazio has tossed aside the few strict principles a central banker must follow. He has become an embarrassment, it says, and there is now no credible way he can remain in office.
Italian economy minister wants ECB rate cut
Italy's deputy economy minister Mario Baldassari said he favours the European Central Bank cutting its interest rates, as well as the euro being valued at parity with the dollar.
Prodi outlines Bank of Italy reform ideas
Italy's opposition leader Romano Prodi outlined a number of reform proposals for the beleaguered Bank of Italy on Friday 12 August and the country's other financial institutions.
Government to discuss Bank of Italy on 26 Aug
The Italian government will hold a ministerial meeting on Aug 26 to discuss the Bank of Italy and its recent clearances of bank takeover bids, a report by news agency Radiocor said.
Bank of Italy bomb scare is false alarm
Police alerted by an anonymous phone call checked for a bomb near the Bank of Italy's headquarters in Rome on Tuesday 9 August but later called off the search when no device was found, authorities said.
Italy's Fazio on economic developments
In the speech 'Economic developments and the banking system' given on 13 July Antonio Fazio of the Bank of Italy said there are signs that the world economy is slowing down with respect to its exceptional expansion last year, but growth remains robust.
Italy favours fixed term for central bank chief
According to Italy's economy undersecretary Maria Teresa Armosino the government is ready to set a fixed term of office for the Bank of Italy governor, rather than the life term that currently applies.
Bank of Italy under siege
The trials and tribulations of Antonio Fazio, governor of the Bank of Italy, have raised many disturbing questions regarding the governance of Italy's central bank and of its regulatory system. This is a very sad business. This is the first of a new…
Fazio defends conduct in takeover battle
Bank of Italy governor Antonio Fazio said he defended his conduct in clearing bank mergers and takeover bids, according to comments in La Repubblica newspaper.
Bank of Italy - Annual Report 2004
The Bank of Italy has published its Annual Report for the year ended 2004. In Italy the expansion of output has been unsatisfactory, according to the report. Since 2000 the average annual growth rate has been less than 1 per cent.
'Fazio affair' meeting set for coming week
The Italian government will discuss how to tackle the controversy surrounding Bank of Italy governor Antonio Fazio at a cabinet meeting on 3 August, Italian Prime Minister Silvio Berlusconi said Friday.
EU issues Italy with budget deadline
On Wednesday 29 June the European Union gave Italy until the end of 2007 to cut its budget deficit. It gave the country two years instead of just one to bring the deficit back in line due to weakness in Italy's economy.
Philadelphia Fed head receives Italian civic honor
The Consul General of Italy recently presented the prestigious Italian recognition of "Cavaliere," an honorary knighthood, to Anthony Santomero, president of the Federal Reserve Bank of Philadelphia.
Italian minister suggests return to lira
An Italian government minister has suggested the country should consider bringing back the euro.
Bank of Italy claims impartiality over Antonveneta
The Bank of Italy has said it was fair with Banca Popolare di Lodi and ABN Amro Holding NV in their battle to take over Banca Antonveneta SpA, according to a letter sent to EU commissioner for the internal market Charlie McCreevy published by the daily…
Bank of Italy rejects criticism in bank takeover
The Bank of Italy launched a counter-attack on Wednesday 4 May against EU regulators, analysts and press reports that claim the Italian central bank and its governor, Antonio Fazio, have favoured Banca Popolare di Lodi in a banking takeover.
Italy's Fazio on Franco Modigliani
In a speech given on 18 February, Antonio Fazio of the Bank of Italy said the global system is a sort of free-banking regime without an anchor.
Bank of Italy escapes supervisory power limit
Italy's lower house of Parliament voted on Wednesday 2 March not to remove the Bank of Italy's authority over competition and mergers in the banking sector.
Fazio on outlook for the global economy and Italy
In a speech on 'The outlook for the global economy and Italy' given on 12 February, Antonio Fazio of the Bank of Italy said the ECB has left interest rates at two per cent "given the expectation of inflation returning below 2pc and the still uncertain…
First day of Bank of Italy strike
A strike organised by Bank of Italy trade unions on Thursday 17 February saw over 77% of workers taking part, according to AGI. Another day of action is scheduled for next Thursday, 24 February.
Italy's Bini Smaghi to join ECB board
Lorenzo Bini Smaghi, 48, the head of the Italian Finance Ministry's international department looks set to replace a fellow Italian on the board of the European Central Bank after a unanimous decision on Thursday 17 February.
Italy's Fazio says bank sector not protectionist
Bank of Italy governor Antonio Fazio has told the European Commission that the Italian banking sector is not protectionist, the Financial Times reported.
Bank of Italy faces strike threat
Unions have threatened to call a series of strikes between mid February and mid March, to protest against the Bank of Italy's executives' decision to amend the agreements reached with the unions.