Saturday, August 6, 2005

Famous Modernceramic Artists

''Another year, another scandal.''

The British magazine The Economist on the Antonveneta case
Here's how it damages the reputation of a country

The '''' recent scandals related to climbing on Antonveneta ''seriously damaged'' Italy's reputation as a place to invest, and show that the country ''has learned little from the spectacular collapse of Parmalat''. Yet ''there is little possibility that Italian politicians are trying to restore luster to the reputation of Italy approved the law on savings, because elections are at the gate''.
rating, which takes its cue from wiretaps of the protagonists of the climb for Antonveneta, it 's Economist, the authoritative British magazine, in an article titled'' Another year, another scandal' ' .

It starts from Parmalat, the scandal ''more in the history of Europe'' company, which two years ago ''had offered the possibility of approving a comprehensive reform of financial legislation, of which Italy has a great need'', but which is still stuck in Parliament. The week commemorates the battle between the then Economy Minister Giulio Tremonti and the Governor of the Bank of Italy Antonio Fazio , which ended with the resignation of the first and the prevalence of central banker. And the Bank of Italy - the Economist writes -'' approved climbing step by step Fiorani on Antonveneta, took place according to the judiciary through illegal maneuvers on which investigations are underway''.

And while the collapse of Parmalat - says the Economist - just recently produced the first results on the front Antonio Fazio judiciary, government, before the wiretapping of conversations between Fazio and Gianpiero Fiorani, ''is finally opening his eyes in front of the amount of cunning maneuvers to seize'' Antonveneta. However - note the newspaper - the rooms of Palazzo Chigi ''does not seem to be oriented to remove Fazio from office. Most of the ministers probably hoping that the pressure on the governor fade with the summer break'' .

As for Antonveneta, the weekly notes that the Dutch bank ABN Amro things could take a positive turn. ''With two thirds of the shares seized, the Dutch technical control of the bank. Have indicated their interest in acquiring the remaining shares. The BPI's action against the seizure of his share will not be discussed on September 1. And Consob may suspend the supply of the popular'' until October.

Source: Repubblica.it

06/08/2005

0 comments:

Post a Comment