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Wednesday, April 7, 2010 as of 11:14 AM ET

Giulio Tremonti

Giulio Tremonti

Giulio Tremonti () (born August 18, 1947) is an Italian politician. He served in the government of Italy as Minister of Economy and Finance under Prime Minister Silvio Berlusconi from 1994 to 1995, from 2001 to 2004, from 2005 to 2006, and from 2008 to 2011.

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Italy's Consob Head Seeks Temporary Ban On Banks Takeover-Report

MILAN -( Dow Jones )- The chairman of Italy's market watchdog Consob, Giuseppe Vegas, Wednesday asked the heads of the main domestic regulators and Economy Minister Giulio Tremonti to amend a securities law on takeovers in a move to safeguard domestic lenders, financial daily MF reported Thursday, without citing sources.

The ongoing financial and economic turmoil has been hammering banks' and insurers' stocks for the last six months, cutting the value of certain shares like UniCredit (UCG.MI) or Banca Monte dei Paschi di Siena (BMPS.MI) by over 60%. For this reason, on Tuesday Vegas reiterated the need to introduce the passivity rule, or give the companies the possibility to defend themselves in case of a hostile takeover attempt.Shares of UniCredit in particular have been experiencing sudden movements in the last weeks, traders said, noting that speculation the bank may soon be a takeover target continues to circulate.Newspaper website: www.milanofinanza.it-Milan Bureau, Dow Jones News...

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  1. Analysis: Italy's Berlusconi pressured over austerity mess

    By James MackenzieROME, Sept 4 (Reuters) - Italy's chaotic efforts to pass a new austerity plan already included disputed figures, policy U-turns and cabinet rows ev...

  2. Italy minister says no pressure on ECB over bonds

    CERNOBBIO, Italy (Reuters) - Italy is not putting pressure on the European Central Bank (ECB) to continue buying Italian government bonds on the market, Foreign Mini...

  3. Italy business group critical of government austerity

    By Giulio Piovaccari and Catherine HornbyMILAN (Reuters) - Italian employers' group Confindustria slammed the government's austerity plan as "weak and inadequate" on...

  4. Italy austerity plan revisions may need EU approval

    By Stefano BernabeiROME (Reuters) - EU authorities would need to re-examine Italy's austerity plan if it is overhauled, an Italian Treasury official said on Friday, ...

  5. Sarkozy, Merkel Discuss Euro Zone Debt

    The leaders of France and Germany meet for high-pressure talks on Tuesday to discuss what further measures they can take to shore up investor confidence in the euro ...

  6. Selloff raises stakes in Sarkozy-Merkel euro zone talks

    By Leigh Thomas and Yann Le GuernigouPARIS (Reuters) - France and Germany's leaders face a stark choice in talks Tuesday over whether to steer the embattled euro zon...

  7. No plan to change GDP forecast after austerity: Tremonti

    ROME (Reuters) - Italy does not currently plan to change its economic growth forecasts as a result of its latest austerity plan, Economy Minister Giulio Tremonti sai...

  8. Italy and UK press case for deeper euro zone fiscal ties

    LONDON (Reuters) - Britain's finance minister called for some form of fiscal union to resolve the euro zone's debt crisis on Saturday, while his Italian counterpart ...

  9. Italy to Cut Deficit by 45 Billion Euros by 2013

    Italy will adopt emergency budget cuts worth 20 billion euros next year and 25 billion euros in 2013, Prime Minister Silvio Berlusconi told local government represen...

  10. Italy eyes tax hikes as cabinet meets on crisis

    By James MackenzieROME (Reuters) - Prime Minister Silvio Berlusconi called an emergency cabinet meeting on Friday to adopt measures expected to include tax hikes and...

  11. Analysis: More austerity may be the last thing Italy needs

    By Gavin JonesROME (Reuters) - Italy's problem is not a high budget deficit but chronically weak growth, and forcing it to frontload austerity measures just as its e...

  12. Italy Brings Forward Budget Plans as Crisis Mounts

    Italy buckled to world pressure in a bid to halt a market rout endangering the global economy, pledging to speed up austerity measures and social reforms in return f...

  1. Italy Northern League leader says agreement reached

    By Giuseppe FonteItaly's ruling coalition reached agreement on Tuesday on reforms ahead of a European Union summit on Wednesday but a key coalition leader said he wa...

  2. Italy's Northern League warns government may fall

    By Roberto LanducciItalian Prime Minister Silvio Berlusconi faced growing pressure Tuesday over European Union demands for economic reforms with his main coalition p...

  3. Italy cabinet meets amid division over pensions

    Italian Prime Minister Silvio Berlusconi summoned his cabinet for an emergency meeting on Monday, seeking to overcome opposition from his coalition allies over deman...

  4. Greece needs decade to get competitive: German finance minister

    BERLIN (Reuters) - German Finance Minister Wolfgang Schaeuble said in a magazine interview published on Saturday that Greece would not be able to return to capital m...

  5. Italy austerity nears approval as pressure mounts

    By James MackenzieROME (Reuters) - Italy's lower house of parliament is expected to approve the center-right government's much revised austerity plan on Wednesday as...

  6. Crucial Italy austerity package enters home stretch

    By Philip PullellaROME (Reuters) - Italy's often revised 54-billion-euro austerity package enters the final stretch on Monday when cuts aimed at balancing the budget...

  7. Europe faces week of challenges in debt crisis

    By Andrew Torchia(Reuters) - Europe faces a string of political and legal tests this week that could hurt efforts to resolve its sovereign debt crisis and increase p...

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