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Italy, under surveillance. Berlusconi, record-less
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…
Enel Green Power’s Francesco Starace: “Spain is five years ahead in renewables”
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…
Enel Green Power's Francesco Starace: "Spain is five years ahead in renewables"
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…
Europe scores a win in the Top 10 Prosperity Index, but not the euro
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,…
The European Central Bank must act as a last resort lender, or else
“45.5% of Greeks would vote in favor in the austerity referendum”
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…
"45.5% of Greeks would vote in favor in the austerity referendum"
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…
German bank Helaba ensures state help ahead of Basel III
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…
Weekend link fest (twitter edition)
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…