1. Markets

    Intesa makes offer to save Popolare di Vicenza and Veneto Banca as long as there is “no impact on capital ratios and dividend policy”

    by Marco Ferrando

    The bank officially declared its willingness to buy assets from the two struggling lenders for a “token payment” provided that there is no impact on its capital ratios and dividend policy, therefore ruling out the need for a capital increase. In Milan, the FTSE MIB closed up 1.26%

  2. Industry driving recovery in investments in Southern Italy
    Business & Economy

    Industry driving recovery in investments in Southern Italy

    by Carmine Fotina

    An investigation by the Svimez think tank for 2016 points to the decisive weight of private investments, driven by industry in the strict sense, in the consolidation of the growth path started in 2015 (though still weak). The recovery of the Campania region stands out: its gross domestic product grew by 2.4% last year

  3. CDP and EIF set up the first and largest risk sharing platform for SMEs to trigger up to €6bn new investments under the Juncker Plan
    Markets

    CDP and EIF set up the first and largest risk sharing platform for SMEs to trigger up to €6bn new investments under the Juncker Plan

    by Isabella Bufacchi

    A new Risk Sharing Platform for Italian SMEs is taking off under the umbrella of the Juncker Plan, through a guarantee scheme agreement between CDP and EIF: it is the first and largest platform of this kind approved by the EFSI (European fund for strategic investments). It aims to trigger €6bn investments and reach up to 70,000 small and medium sized enterprises

  4. Public spending review’s effect reaching €30 billion in 2017, government says
    Public finance

    Public spending review’s effect reaching €30 billion in 2017, government says

    The first paper on public spending presented by spending review extraordinary commissioner Yoram Gutgeld (pictured) says that cuts added up to 18% of the total in comparison with 2014. The biggest contributors were the central administrations, ministries above all (24% of total spending). With the measures already adopted, savings will go up to €31.5 billion in 2018