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Last updated on April 17, 2014 at 7:39 EDT

Latest Giulio Tremonti Stories

2009-06-12 11:33:22

A $1.5 billion plan to save the world's poorest children from pneumococcal diseases was activated Friday in Lecce, Italy, international aid groups said. Representatives of five countries and four international aid groups officially made good on commitments promised in 2007 to speed delivery of pneumococcal vaccines that kill 1.6 million people year, including an estimated 1 million children under age 5. Italy donated $635 million, Britain $485 million, Canada $200 million, Russia $80 million,...

2009-02-02 08:16:07

Italian Finance Minister Giulio Tremonti in Davos, Switzerland, said he was in favor of establishing a European Union bond. With Italy's debt-to-gross domestic product ratio over 100 percent, lenders are demanding higher returns on Italian bonds, the European Observer reported Monday. Speaking at the World Economic Forum last week, Tremonti said, I am speaking of a political issue not an economic issue "¦ now we need a union bond. The concept is not universally appealing to European...

2005-12-20 15:19:25

By Paolo Biondi ROME (Reuters) - Italy's government is close to agreement on a new Bank of Italy governor, Prime Minister Silvio Berlusconi said on Tuesday, a day after Antonio Fazio resigned the post amid allegations of malpractice in a takeover scandal. Berlusconi's cabinet had threatened to oust Fazio, who had become an embarrassment to Italy as it emerged he was under investigation for abuse of office and insider trading in his role as supreme arbiter of bank takeovers. "I think...

2005-09-25 10:54:01

By Phil Stewart and Francesca Landini ROME/WASHINGTON (Reuters) - Italy's government stripped Bank of Italy Governor Antonio Fazio of his authority to represent the country at a World Bank meeting on Sunday, piling pressure on him to resign over a takeover scandal. Economy Minister Giulio Tremonti, a longstanding adversary of Fazio, told the central banker in a tense phone call on Saturday that he would not lead Italy's delegation to the World Bank Development Committee meeting,...

2005-09-25 10:35:29

By Phil Stewart and Francesca Landini ROME/WASHINGTON (Reuters) - Bank of Italy Governor Antonio Fazio was stripped of his authority to represent the country at a World Bank meeting in Washington, prompting him to return home early to Rome on Sunday, news agencies reported. Fazio's absence from the international meeting and his decision to rush back to Rome underscored increasingly tense relations between the central banker and Italy's government, which has called for him to step...

2005-09-23 13:10:02

By Francesca Landini WASHINGTON (Reuters) - Italy's new economy minister on Friday used his first public comments in office to poke fun at central bank governor Antonio Fazio, who has spurned a demand from Prime Minister Silvio Berlusconi to quit. Economy Minister Giulio Tremonti was attending meetings of the Group of Seven and the International Monetary Fund in Washington with his long-time adversary Fazio, as commentators warned Italy's credibility was plumbing new lows. The...

2005-09-23 12:22:33

By Francesca Landini WASHINGTON (Reuters) - Italy's new economy minister on Friday used his first public comments in office to poke fun at central bank governor Antonio Fazio, who has spurned a demand from Prime Minister Silvio Berlusconi to quit. Economy Minister Giulio Tremonti was attending meetings of the Group of Seven and the International Monetary Fund in Washington with his long-time adversary Fazio, as commentators warned Italy's credibility was plumbing new lows. The...

2005-09-23 05:55:15

By Nelson Graves ROME (Reuters) - Italy's central bank governor on Friday spurned a demand from Prime Minister Silvio Berlusconi to quit over a takeover scandal, posing a fresh challenge to his authority after the abrupt resignation of his economy minister. Bank of Italy Governor Antonio Fazio is in Washington for meetings of the Group of Seven and the International Monetary Fund, defying Berlusconi's call for the central banker to step down to save the country's international...

2005-09-23 03:27:10

By Nelson Graves ROME (Reuters) - Italy faced an institutional crisis on Friday when the central bank governor spurned a demand from the prime minister to quit over a takeover scandal. The standoff over the Bank of Italy confronted Prime Minister Silvio Berlusconi with a major challenge to his authority after his economy minister resigned having failed to drive defiant central bank chief Antonio Fazio from office. Berlusconi's problems were compounded by an open challenge to his...

2005-09-22 22:03:25

By Nelson Graves ROME (Reuters) - Italian Prime Minister Silvio Berlusconi was confronted with challenges to his authority on Friday after a coalition partner spurned his leadership and the central bank governor appeared to ignore a call to quit. Berlusconi, facing national elections next year that opinion polls show he would lose, was forced to name a new economy minister on Thursday after Domenico Siniscalco quit in rows over the 2006 budget and Bank of Italy Governor Antonio...