Italy
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.
Italy nominates candidate for ECB board
Italy nominated Lorenzo Bini Smaghi, a senior finance official in Rome, as candidate for the European Central Bank's executive board this week.
UK's Brown says G7 to meet in London in February
Group of Seven finance ministers from the world's richest countries will hold their first regular meeting of 2005 in London in the first week of February, British Chancellor of the Exchequer Gordon Brown said on Monday 29 November.
Italy's Fazio on regulation and supervision
In a speech on 'Regulation and supervision in financial markets' given on 19 November, Antonio Fazio of the Bank of Italy said the economy of the euro area is afflicted by a loss of competitiveness that reflects structural weaknesses in several fields.
Italy suggests joint action to stabilise euro
Domenico Siniscalco, Italy's economy minister, was quoted by several news agencies on Wednesday 10 November as saying of the euro that "a co-ordinated intervention is being talked about again, not a unilateral intervention. That would not help."
Italy's Fazio sees 2005 growth less than 2%
Bank of Italy governor Antonio Fazio told a conference he expects GDP in the third quarter to have risen 0.3 pct from the previous quarter, and forecast Italian growth of less than 2 pct for the whole of 2005.
Former Bank of Italy governor gets pacemaker
Italian President Carlo Azeglio Ciampi, who was governor of the Bank of Italy between 1979 and 1993, underwent surgery to install a pacemaker last week, his office said.
Italy's Fazio: planned tax cuts must be financed
In testimony to parliament Bank of Italy Governor Antonio Fazio called on Prime Minister Silvio Berlusconi to guarantee that promised tax cuts can be funded, after government spending outpaced revenue in the first half of the year.
No gold sale plan, says Bank of Italy
In a statement released on Monday 13 September, the Bank of Italy said it had no plans to sell its gold reserves.
Bank of Italy - Annual Report 2003
The Bank of Italy has published its Annual Report for the year ended 2003. World economic activity gathered pace from the middle of 2003 as international political tensions eased, and monetary and fiscal policies remained highly expansionary. The…