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Giuseppe Fonte

UPDATE 1-Italian cabinet approves "mother of all reforms" to slash red tape

07 Jul 2020

* Decree will be basis of Italy's Recovery Plan to seek EU funds

Italian cabinet approves 'mother of all reforms' to slash red tape

07 Jul 2020

ROME The Italian government approved a package of measures on Tuesday aimed at cutting the complicated red tape that has long been blamed for crimping growth in the euro zone's third-largest economy.

Italy to introduce subsidies to combustion engine cars to help industry: lawmakers

03 Jul 2020

MILAN/ROME The Italian Parliament gave the green light on Friday to a package of incentives to encourage sales of state-of-the-art combustion engine cars as well as electric and hybrid vehicles, two lawmakers told Reuters.

Italy to hike 2020 budget deficit to around 11.6% of GDP: source

30 Jun 2020

ROME Italy will raise its 2020 budget deficit to around 11.6% of gross domestic product from the current 10.4% goal, a senior government official told Reuters, as Rome readies new measures to soften the impact of the coronavirus crisis.

Exclusive: Monte Paschi eyes BPM merger as Italy's Treasury prepares exit - sources

30 Jun 2020

ROME/MILAN Banca Monte dei Paschi di Siena is exploring merger options, including with Banco BPM , while Italy's Treasury Ministry has drafted a decree to sell its controlling stake in the bailed-out bank, two sources told Reuters.

Italy readies plan to bolster watchdog powers to defend Milan bourse

28 Jun 2020

ROME Italy's ruling parties plan to increase the powers available to market regulator Consob to shield the country's stock exchange, according to draft legislation seen by Reuters.

Italy approves guarantees for $7.1 billion loan to Fiat Chrysler

24 Jun 2020

ROME Italy has approved a decree offering state guarantees for a 6.3-billion euro ($7.1 billion) loan to Fiat Chrysler's (FCA) Italian unit, the Treasury said on Wednesday, paving the way for the largest crisis loan to a European carmaker.

Atlantia concession deal elusive but contacts resume: sources

24 Jun 2020

MILAN The Italian government has launched a new attempt to break a stalemate with Benetton-led Atlantia over the group's motorway concession, but a solution to the long-running dispute remains elusive, three sources said on Wednesday.

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