bank of italy

Commenti e Idee

Durand and Villemot (2016) examine the effects of Italy's possible exit from the euro (“ExItaly”). According to their estimates, the “new lira” would be revalued by 1% in comparison with the rest of the Eurozone due to the foreign trade surplus; they concluded that these consequences are nothing to

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There has been a clear surge in the markets(in Italy, especially, and led by banks) after half a disappointment early on. Maybe the markets had a better read of the message sent by European Central Bank (ECB) President Mario Draghi, with its change of pace on March 10. This message had the same

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When pointing at the moon, fools, hypocrites and the ignorant look at the finger. This happened last October, when an irrelevant story became for some naive

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“Hurry up!” After the latest collapse of Italian banking stocks, a small shareholder burned by the losses sent via email an entreaty similar to one frome five

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It will not be the philosopher’s stone that removes the burden of 200 billion euros of bad loans (net of 88.8 billion euros) that engulf Italian banks, but at

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The slowdown of the Chinese economy, the falling oil prices, the crisis of the emerging countries, geopolitical uncertainty and, in the Italian microcosm, a

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There’s only one thing that everyone is talking about that must be cleared off the table before the rumors become a reality. And should it become a reality, it

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On one issue, there seems to be total agreement among the government, the regulators, the parliamentary majority and the opposition: the need for a Parliamentary Commission analyzing “what happened in the Italian and European banking system over the past few years,” as Prime Minister Matteo Renzi

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Self-referential bureaucracies in Brussels on the one hand, governments and distracted national parliaments on the other. This is the toxic mix that can cause economic policy to short circuit, just like the case concerning the resolution regime for banks that is unfolding before our eyes. The

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The recent suicide of a Civitavecchia retiree has shaken public opinion and small savers. He lost everything on Popolare dell’Etruria’s subordinated bond—one of the four banks put under temporary commissionership by the Bank of Italy and bailed out by the government. Like him, thousands of small

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The EU commissioner for financial stability, Jonathan Hill, speaking yesterday about the retail investors who bought subordinated bonds from four Italian banks under resolution, said that “there are clear consequences for citizens who found themselves in a situation where banks were selling

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The head of financial supervision at the Bank of Italy reiterated it yesterday. In Italy, he said, the preventive function of the guarantee funds for depositors has been the pillar of the solution to bank crises since the banking law was approved in 1936.

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The Milan stock exchange cheered the rescue plan for crisis-hit banks approved on Sunday by the government. Despite expectations of higher costs, related to the contributions to the resolution fund, Italian banks reported gains on the stock market. Further support to the safety net came from the

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If ‘Sole’ is 150 years old, then I am 30. In fact, I am much older than that: what I mean is that I have been writing for ‘Il Sole 24 Ore’ for 30 years.

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Italy may not be Ireland (a leader in Europe, with GDP up 6.0 percent in 2016, up 4.5 percent in 2016), but it is making progress, leaving the recession behind. Italy confirmed its eighth place among the manufacturing powers of the world thanks to, as a primary source of wealth and growth, an