Fox Business - The Power to Prosper
Search Site

Giulio Tremonti

ECB's Draghi faces heat over euro, Monte Paschi

Mario Draghi faces a grilling over the European Central Bank's sensitivity to the euro's sharp rise and his connection to an Italian banking scandal at an ECB meeting on Thursday where interest rates are almost certain to be unchanged.Ireland is on tenterhooks whether the ECB will sign off on a new proposal to reduce the country's debt burden, for which its government rushed through emergency legislation early on Thursday to liquidate failed Anglo Irish Bank.A source close to the negotiations told Reuters the ECB came close to agreeing a deal on Wednesday night, but in the end more work needed to be done and the Governing Council would continue discussions at its Thursday meeting.Investors will seek to gauge how much further the euro must rise before its strength forces the ECB to express concern, or even reverse course and contemplate a rate cut - a scenario that shows virtually no sign of materialising on Thursday.The euro has risen to a 14-month peak against the dollar this year, th...

Read More

  1. 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...

  2. 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...

  3. 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...

  4. 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...

  5. 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...

  6. 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...

  7. 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...

  8. 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...

  9. 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, ...

  10. 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 ...

  11. 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...

  12. 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...

  1. Draghi informed of Monte Paschi doubts but not at fault: source

    Mario Draghi was informed of doubts raised by Bank of Italy inspectors about the Monte dei Paschi bank but had little control over what has been widely criticized as...

  2. Draghi was informed of Monte Paschi doubts - central bank source

    Mario Draghi was informed of doubts raised by Bank of Italy inspectors about the Monte dei Paschi bank but had little control over what has been widely criticized as...

  3. Top Monte Paschi investor piled on debt under Treasury's eye

    The charitable foundation that controls Italy's scandal-hit Monte dei Paschi bank took on excessive debt and entered into risky derivative trades with the tacit cons...

  4. Italy House Prices To Fall 3% to 5% In 2013, Tecnocasa Predicts

    Italian house prices are likely to fall by between 3% and 5% this year on a national basis, Tecnocasa's research unit said Wednesday, MF-Dow Jones reported from Mila...

  5. Berlusconi ally blasts German banks, Monti cuts

    German banks created Europe's debt crisis and the cuts demanded of Italy are driving the economy deeper into recession, the economic chief of former Prime Minister S...

  6. 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...

  7. 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...

‹ Prev123Next ›
Freebase CC-BY
Source: Giulio Tremonti on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL