Italy

iberdrolaTC

Iberdrola Will Compete Head-To-Head With Enel Within The Italian Market

Iberdrola is preparing itself to enter the Italian electricity trading market before current year ends, in which the company will offer its own tariffs in the distribution segment. They will compete with operators such as Enel, Eni and Edison and expect to reach a market share of 5%-7% in next six years, namely a million of customers in 2020 and three millions in 2023. Iberdrola is not considering any acquisitions in order to carry out this strategic move.


Italian flag

Italy is next political risk in Europe

Italian elections are likely to represent the next main European political risk. With anti-establishment sentiment running high and the euro increasingly seen as a major contributor to Italy’s structural problems, both themes will feature prominently in the campaign ahead of the next election.


Italy and Ireland

Italy And Ireland, A History Of Two Debts

Italy’s government debt could set to be 133% of GDP this year – a level that is some 34% higher than it was at the end of 2007. Meanwhile, Ireland’s debt shot up as the government had to bail out the housing and banking sectors post-2007 and by 2012 it was very close to the same level as a percentage of GDP as Italy’s (123%9).


BBVA y mas

Why Has Spain’s Banking Sector Rally Been Suddenly Cut Short?

The Spanish banking sector’s stock market rally has been suddenly cut short. The listed banks’ index  had risen over 45% since the minimum levels of June 2016 until the first week of January. But since then, it is seeing a correction. Two matters of concern for investors are the impact of the floor clauses ruling on the banks profit and loss account, as well as the problems of the Italian banks.


Greece debt

“What Is Clear Is That Greece Cannot Pay Its Debt And Will Never Pay It”

“What is clear is that Greece cannot pay its debt and will never pay it. There needs to be an acquittance. And European legislation does not allow for waivering of debt. What they are going to do now, and it should have been done seven years ago, is to modify the conditions in such a way that the debt will be practically waivered,” says Spanish economist Fernando Eguidazu, as he leaves his Foreign Office post of Secretary of State for the European Union.


Italy

Italy Is Sick: Another Crisis In Its Illness Could Topple The Euro

Italy is a founding country of Europe and the euro. It has an ailing economy, which is not obvious at first sight, but its political weakness is evident. Italy is sick because of northern Europe’s austerity policies. And it can’t be expected to recover on its own because any crisis in its illness might cause the euro to take a definitive tumble.


Next Italy elections

Early Elections Not Likely In Italy

AXA IM | We believe elections in the coming weeks is quite unlikely, for three reasons. First, all parties except M5S (Five Star Movement) have little interest to go through early elections, as voting intentions polls show that “classic” right and left-wing parties would all lose a substantial number of seats in Parliament to the M5S and the Northern League.


Renzi referendum

Italy’s Referendum: Renzi’s crashing defeat triggers another crisis

Referenda stand as a dangerous gamble nowadays. Only the Swiss can manage them with relative ease. Populism can boast of triggering another staggering crisis in Europe as voters rejected by a wide majority the Constitutional reform tabled by the Italian PM. Opposition to his initiative also came from fellow members of the Democratic Party, such as D’Alema, and respected politicians like Monti. Conceding defeat, Mr Renzi has resigned from office throwing the country into utter disarray.


European Union

Who Are The Ones Who Fail, Leaders Or Voters?

Two founding member countries of the European Union are really in a bad way: France and Italy. Both are threatening to turn this giant with feet of clay upside down, when it still doesn’t know how to deal with Brexit or the unknown elements which Trump has in store in “his” new world order.


Matteo renzi

Italy’s Referendum Could Re-Start A New Euro Crisis

AXA IM | Those wishing for a successful constitutional reform in Italy need to be aware that it could actually trigger a referendum on the euro. Growing nerves here likely explain the widening of the spread between German and Italian bonds as investors try to hedge ‘currency’ risk.