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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailItaly's capital markets bill 'creates paradoxical incentives' to leave Italy, says CEOFrancesco Galietti, CEO of Policy Sonar, breaks down the implications of Italian Prime Minister Giorgia Meloni's proposed capital markets bill. The legislature aims to retain and spur new investment in Italy, but some argue it may backfire.
Persons: Francesco Galietti, Giorgia Meloni's Locations: Italy
[1/2] Libyan Foreign Minister Najla el-Mangoush attends a joint press conference at the conclusion of the Libya Stabilization Conference, in Tripoli, Libya, October 21, 2021. Mangoush had said her meeting with Israeli Foreign Minister Eli Cohen in Rome was unplanned and informal, but an Israeli official told Reuters it had lasted two hours and was approved "at the highest levels in Libya". The meeting is contentious because Libya does not formally recognise Israel and there is widespread public support across the Libyan political spectrum for the Palestinian cause of creating an independent state in territory Israel occupies. The Libya prime minister sees Israel as a possible bridge to the West and the U.S. administration," the official said. Libya's parliament based in the east, which rejects the GNU, said on Sunday it would hold hearings into the meeting with the Israeli minister.
Persons: Najla, Mangoush, Hazem Ahmed, Najla Mangoush, Eli Cohen, Abdulhamid, Muammar Gaddafi, Cohen, Antonio Tajani, Dbeibah, Libya's, Abraham, Francesco Galietti, Giorgia Meloni, Dan Williams, Francesca Landini, Gavin Jones, Angus McDowall, James Mackenzie, Peter Graff, Mark Heinrich, Conor Humphries Organizations: Libyan Foreign, Libya Stabilization Conference, REUTERS, Rome Israeli, Israeli, Reuters, Protesters, Libya's Foreign, Palestinian, Libyan, U.S, United Arab, Abraham Accords, of National Unity, GNU, UAE, High State Council, Dbeibah, Italian, Thomson Locations: Libya, Tripoli, Rome, TRIPOLI, JERUSALEM, Israel, Benghazi, Italian, Italy, United Arab Emirates, Bahrain, Morocco, Sudan, United States, Dbeibah's, Reuters Libya, Jerusalem
Opposition parties are clamouring for a vote in parliament, but Meloni said on Wednesday that was not about to happen and linked the debate to ongoing discussions on a broader reform of European budget rules. "Italy's interest is addressing negotiations on European governance, which covers the entirety of our national interests," she told parliament. "Meloni does not want to leave the anti-ESM front to Salvini and nobody wants to lose face," he told Reuters. Despite irritation in Brussels over the dithering in Rome, EU officials have told Reuters that any attempt by Meloni to link ESM approval to much more significant budget reform will not pay off. Italy, which has the second largest debt mountain in relation to its GDP in the euro zone after Greece, has criticised the suggestion.
Persons: Giorgia, Meloni, Matteo Salvini, Francesco Galietti, Paschal Donohoe, Francesco Saraceno, Crispian Balmer Organizations: ROME, European Union, Treasury, Reuters, European, Rome's Luiss University, Sciences Po, European Commission, Thomson Locations: Italy, Brussels, Rome, Sciences Po Paris, Greece, Rome's
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPopularity wise Italy's Meloni is doing well and has no opposition, political analyst saysFrancesco Galietti, CEO and co-founder at Policy Sonar, speaks to CNBC's "Street Signs Europe."
Rome CNN —The key campaign promise that brought Giorgia Meloni and her far-right coalition to power in a landslide victory in last September’s election was a vow to do what no one else had done before: stop migrant boats using Italy as a gateway into Europe. On the campaign trail she promised to halt all migrant boats from landing on Italian shores, no matter who was on them and what drove them to risk their lives. Liberal European leaders stood to gain from the prospect of Meloni’s promise to stop the boats, and many hoped she could pull it off. He says to most Italians, the migrant crisis is still something they hear about, not something that impacts them directly. Meloni has taken tough action over migrant boats since taking power but faces fierce opposition.
SummarySummary Companies Barbieri to replace Rivera, who failed to win over MeloniPrevious Treasury chiefs include former PM DraghiBureaucrats in Italy get substantial say in policy-makingROME, Jan 19 (Reuters) - Italy's government is set to appoint veteran economist Riccardo Barbieri as director general of the Treasury, replacing Alessandro Rivera in the influential position, the economy ministry said on Thursday. The move marks a victory for newly installed Prime Minister Giorgia Meloni, who was looking to remove Rivera and put her stamp on key positions. "A cosmopolitan former banker and chief economist, Barbieri is one of the Treasury senior officials who liaises more frequently with Brussels," said Francesco Galietti, head of political risk consultancy Policy Sonar. MPS is 64%-owned by the Treasury following a 2017 bailout that cost taxpayers 5.4 billion euros ($5.8 billion). Rivera spent much of his career within the economy ministry, specialised in the handling of banking and financial crises.
[1/5] Italian Prime Minister Giorgia Meloni speaks during a news conference to present her government's first budget in Rome, Italy, November 22, 2022. Meloni, a fiery conviction politician, has often spoken out against Italy's reliance on technocrats to solve its economic problems and lambasted alleged interference from "high international finance" and "Brussels bureaucrats". During the election campaign Meloni called in vain for her predecessor Mario Draghi to freeze the sale of a majority stake in ITA. PUSHBACKDeputy Economy and Finance Minister Maurizio Leo, an adviser to Meloni, had proposed splitting his ministry by hiving off the finance department responsible for tax matters. The head of the finance department, Fabrizia Lapecorella, has asked to move to another ministry, two sources said.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMeloni's ascent to power 'a balancing exercise,' says political risk consultancyFrancesco Galietti, CEO and co-founder of Policy Sonar, discusses Giorgia Meloni, who's on course to becoming Italy's first female prime minister, and the country's political shift toward the right.
Giorgia Meloni seen speaking during the campaign. Fratelli d'Italia's runaway success means that Giorgia Meloni is likely to become Italy's next prime minister and the country's first female leader. Speaking as the results emerged, Giorgia Meloni said the party would "govern for everyone" and would not "betray" the country's trust. "We are dealing with a right-wing coalition and we need to understand what type of right-wing coalition," Francesco Galietti, chief executive and co-founder of political risk consultancy Policy Sonar, told CNBC Monday. Fratelli d'Italia has argued for a slimmed down, less bureaucratic EU and has championed the primacy of Italian law in domestic issues.
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