Italian Prime Minister Silvio Berlusconi will have to postpone again the release of his next love songs record, titled True Love, after the third European economy has been forced to accept a surveillance action by the IMF and the EU during the introduction of the country’s reform plan. Italy has committed itself to perform a work reform, relax the restrictions on the corporate sector, change the age retirement from 65…
Since its inception in 2008, Francesco Starace is Enel Green Power or EGP's CEO. On Thursday, the holding company, which has a Spanish branch with Endesa's renewable assets integrated, celebrated its first anniversary on the stock market. Francesco Starace's comments about the sector in Spain are, to say the least, jarring, so we have selected (and highlighted) a few of his answers to an interview published in the financial newspaper…
Since its inception in 2008, Francesco Starace is Enel Green Power or EGP's CEO. On Thursday, the holding company, which has a Spanish branch with Endesa's renewable assets integrated, celebrated its first anniversary on the stock market. Francesco Starace's comments about the sector in Spain are, to say the least, jarring, so we have selected (and highlighted) a few of his answers to an interview published in the financial newspaper…
Six European nations have made their economic way into this year’s Top 10 Properity Index, a worldwide assessment of wealth and quality of life, although only two of them belong to the European Monetary Union. Out of 110 countries, Norway and Denmark lead the rankings, ahead of Germany (15) and France (18). The Legatum Prosperity Index provides the world’s only global assessment of national prosperity based on both private and public finance,…
According to surveys that JP Morgan analysts have carried out for their investors, this is what the Greeks believe at this moment: Impact of Europe summit in Greece: 44% negative; 15% likely to be negative; 36% positive or probably positive. The agreement is a great loss of sovereignty for Greece: 49% Greece should stay within the Euro: 73% Greece should return to the Drachma: Less than 20% The agreement with Europe should be approved by: absolute majority…
According to surveys that JP Morgan analysts have carried out for their investors, this is what the Greeks believe at this moment: Impact of Europe summit in Greece: 44% negative; 15% likely to be negative; 36% positive or probably positive. The agreement is a great loss of sovereignty for Greece: 49% Greece should stay within the Euro: 73% Greece should return to the Drachma: Less than 20% The agreement with Europe should be approved by: absolute majority…
The owners of German regional bank Helaba agreed this week to adapt their participation in profit, loss and any liquidation proceeds so the entity can comply with the future requirements of banking supervisory law Basel III. Landesbank Hessen-Thueringen (Helaba) is owned by the State of Hesse, the Free State of Thuringia and the Savings Banks and Giro Association Hesse-Thuringia (Sparkassen und Giroverband Hessen-Thueringen SGVHT). Following the accord, instead of a fixed…
We’ve opened a little simple section, ‘From all corners of the web’, which you can check on the left end of our front page. As we are (sort of) the new kid on the street, we feel terribly curious about, well, almost everything we hear here, so in addition we hope you’ll like these link selections that will be posted over each weekend. And as always, our comment widgets are anxious…
From El País, details on the largest Spanish overseas contract so far after a Spanish consortium, in which Saudi companies are also involved, has been awarded the project of building a high-speed line (High-Speed Railway) that will connect the cities of Medina, Jeddah and Mecca in Saudi Arabia, “with a budget of 6.736 million of euros, as reported by the Saudi Railways Organization on its website. ” The Ministry of Public Works…