Italy
Italian Government Will Not Offer Car Incentives This Year, Scajola Says Italy won’t offer incentives for
consumers to buy new cars in 2010 as European Union governments
phase out state help for automakers to recover from last year’s
recession, Industry Minister Claudio Scajola said.
Benchmark Stocks Fall; Fiat, Safilo, STM, Telecom Italia and Tenaris Move Italy’s benchmark FTSE MIB Index lost
119.27, or 0.6 percent, to 20,818.97 in Milan.
Greek Aid Package Considered by EU as Deficit Threatens Confidence in Euro European officials said they are
considering assistance for Greece as its struggle to contain the
European Union’s highest budget deficit threatens to erode
confidence in the euro.
Intesa Sanpaolo Names Monte Paschi CFO to Replace General Manager Micheli Intesa Sanpaolo SpA, Italy’s second-
biggest bank, named Banca Monte dei Paschi di Siena SpA Chief
Financial Officer Marco Morelli to replace General Manager
Francesco Micheli.
Barclays Accused of Taking Advantage of Popolare Intra at London Trial Barclays Plc, Britain’s third-largest
bank, was accused of taking advantage of Banca Popolare di Intra
Scrl by selling the regional Italian bank a collateralized-debt
obligation that was likely to default.
Telefonica, Telecom Italia to Announce Merger in March, O Globo Reports Telefonica SA and Telecom Italia SpA
will announce a merger by early March, O Globo reported, citing
an interview with an unidentified person familiar with the
negotiations.
Italy Prosecutors Probe 18 for Alleged Market Abuse on U.S. Stock Infinex Shares of Infinex Ventures Inc., a
U.S.-based mining company, were manipulated by Italians working
for an organized-crime family, netting them 15 million euros
($21 million), Milan’s financial police said.
Europe's Dow Jones Stoxx 600 Index Closes Little Changed; Greek Banks Gain Most European stocks advanced as
investors speculated the European Union will assist Greece in
tackling its budget deficit and Swatch Group AG posted better-
than-estimated earnings, overshadowing a decline by UBS AG.
Acea Hires Banks to Sell as Much as 500 Million Euros of 10-Year Bonds Rome’s municipal utility Acea Spa
hired UniCredit SpA, Intesa Sanpaolo SpA, BNP Paribas SA, Banca
Monte dei Paschi di Siena SpA and Mediobanca SpA to sell as much
as 500 million euros ($685 million) of 10-years bonds to
professional investors, according to a banker involved in the
transaction.
Edison Italian Investor Group Delmi May Be Bought Out, Il Sole Reports Edison SpA’s Italian investors, who
form shareholder group Delmi, may be liquidated in exchange for
cash and industrial assets, daily Il Sole 24 Ore reported,
without saying where it got the information.
Italy Isn't at Risk of Default on Sovereign Debt, Minister Brunetta Says Italy, saddled with the European
Union’s largest debt, doesn’t risk a sovereign default,
Innovation Minister Renato Brunetta said today.
Italian Embassy in Tehran Comes Under Attack by Militants Throwing Stones The Italian embassy in Tehran came
under attack today from militants throwing stones and shouting
“Death to Berlusconi,” Foreign Minister Franco Frattini said.
Berlusconi Allies Deny Allegations That Mafia Helped Found Political Party Silvio Berlusconi’s allies denied
allegations by the son of a former mobster who said that the
Sicilian Mafia had been involved in the founding of the Italian
prime minister’s political party.
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