Tag: Italy

CashNews.co What’s going on here? Italy is negotiating with domestic banks and trade unions to shape its 2025 budget, as public finances get a boost and significant data releases hover on the horizon. What does this mean? Italy is pulling multiple financial levers to prepare its 2025 budget. The Treasury reports that public finances are […]

CashNews.co By Giuseppe Fonte ROME (Reuters) -Italy is negotiating with its domestic banks on the terms of a contribution from them to provide additional cash for state finances, the government told trade unions and business lobbies on Wednesday. “Economy Minister Giancarlo Giorgetti is working on some proposals as he negotiates with banks,” UIL leader Pierpaolo […]

CashNews.co (Bloomberg) — Italy will seek ways to finance the nation’s budget with a direct contribution from banks and companies, but it won’t put a tax on extra corporate profits. The government is hoping for a contribution from those who have benefitted the most from particularly favorable conditions, according to a government official. But it […]

CashNews.co ROME (Reuters) – National governments should refrain from intervening as UniCredit seeks a potential tie-up with Commerzbank if Europe is to move towards closer integration, the author of a recent report on the single European market told Reuters on Wednesday. Italy’s UniCredit angered the German government this week by raising its holding in Commerzbank […]

CashNews.co Italian financial services major UniCredit has initiated the process to fully internalise its life bancassurance business within the country. This move involves terminating existing partnerships with CNP Assurances and Allianz, leading to UniCredit acquiring 100% ownership of CNP UniCredit Vita (CUV) and UniCredit Allianz Vita (UAV). In 2023, these entities amassed approximately €7.5bn ($8.4bn) […]

CashNews.co The UK economy has overtaken several G7 countries on economic growth forecasts in recent months, but is still set to have the highest inflation of the bloc, according to economists. The Organisation for Economic Co-operation and Development (OECD) has placed the UK joint second in its economic growth forecasts for the rest of 2024. […]

CashNews.co What’s going on here? The German government decided not to boost its stake in Commerzbank amidst a takeover tussle with Italy’s Unicredit. What does this mean? Germany’s decision, shared during a parliamentary finance committee meeting, signals a cautious stance in the face of banking mergers. While Unicredit, Italy’s largest bank, has its eye on […]

CashNews.co Stay informed with free updates Simply sign up to the EU economy myFT Digest — delivered directly to your inbox. Italy’s industry minister said the “Green Deal” EU ban on the sale of new combustion engine cars after 2035 had created a “grave crisis” for European carmakers, and must be urgently reviewed and revised. […]

CashNews.co What’s going on here? Italy’s pro-migrant groups and opposition parties have collected enough signatures to trigger a referendum on easing the country’s strict citizenship laws. What does this mean? Italy’s current citizenship laws require children born in Italy to foreign parents to wait until age 18 to apply for citizenship. Supporters of the referendum […]

CashNews.co What’s going on here? Italy’s growth figures took a hit, but the country’s fiscal health showed surprising resilience. Meanwhile, Italy gears up for a major bond auction on September 27. What does this mean? ISTAT revised Italy’s economic growth downwards for last year, aligning closer to reality. These adjustments revealed a better-than-expected budget deficit […]