1. MPS rescue looms as Rome, Brussels and Frankfurt now near deal
    Markets

    MPS rescue looms as Rome, Brussels and Frankfurt now near deal

    by Gianni Trovati

    The Italian Treasury is optimistic about a quick closing of negotiations with the EU and the European Central Bank on Monte dei Paschi di Siena rescue plan. The capital requirement of €8.8 billion is to be confirmed. The state will take control of the bank by the end of July. Economy Minister Padoan: “We are confident we will conclude with success”

  2. EU’s suggestion that Rome reinstate a property tax is rebuffed by Economy Minister Padoan
    Business & Economy

    EU’s suggestion that Rome reinstate a property tax is rebuffed by Economy Minister Padoan

    by Beda Romano

    The European Union said yesterday it won’t sanction Italy for excessive debt because of a €3.4 bn deficit cut agreed to by Rome. But the suggestion that Rome re-introduce a tax on primary residences was met with a sharp “no” from Economy Minister Pier Carlo Padoan (pictured clockwise from left are European Commissioner Pierre Moscovici, Padoan and Portuguese Finance Minister Mario Centeno ahead of a Eurogroup Finance Ministers' meeting yesterday)