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Tremonti Says G-7 Draft Statement `Too Weak,' Italy Won't Sign

By Flavia Krause-Jackson Oct. 10 (Bloomberg) -- Italy is refusing to endorse the current draft statement drawn up by economic officials from the Group of Seven nations because it is too soft, Finance Minister Giulio Tremonti said. ``The current draft is too weak,'' Tremonti told reporters in Washington before the talks began. ``We won't sign it.'' One official from a G-7 member earlier...

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Italian banking system is robust, says Economy Minister Tremonti

Rome - Italy's banking sector is less sophisticated than in other European nations and hence more robust in dealing with the current financial crisis, Italian Economy Minister Giulio Tremonti said Thursday. He was adressing parliament on measures...

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Italian banks sound, Tremonti says

(ANSA) - Rome, October 9 - Italian banks have not engaged in creative financing or other risky financial operations and thus are more sound that those in other western countries, Economy Minister Giulio Tremonti said on Thursday.In an appearance before parliament to illustrate the actions the government has taken to offset the repercussions in Italy of the global credit crisis, the minister...

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Italy: Italy takes steps to combat crisis

Italy has adopted a series of measures to combat the global financial crisis which were hammered out by the leaders of the 15 eurozone countries at the weekend, according to Italian News Agency ANSA. The measures were contained in a decree which Economy Minister Giulio Tremonti said was a "seamless" follow-up to one issued last week based on an accord struck between the 27 European Union

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Berlusconi's popularity up again

... this month at 54%.The current financial crisis gave the approval rating of Economy Minister Giulio Tremonti a healthy boost from 58% to 63%, the highest among government ministers.Last month's most popular government member, Interior Minister Roberto Maroni, held on to his approval rating of 62% and Foreign Minister Franco Frattini stayed at 60%, where he was joined by Civil Service Minister...

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Europe wins backing for finance revamp

... be other combinations. The debate on foreign exchange is being reopened," Economy Minister Giulio Tremonti said.Sarkozy said the meeting to review of the institutions such as the IMF and World Bank brought into being by the 1944 Bretton Woods conference should ideally take place in New York.

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Italy adopts measures to combat financial crisis

ROME, Oct. 13 (Xinhua) -- The Italian government on Monday adopted a series of measures to combat the global financial crisis which were hammered out by the leaders of the 15 eurozone countries at the weekend, according to Italian News Agency ANSA. The measures were contained in a decree which Economy Minister Giulio Tremonti said was a "seamless" follow-up to one issued last week based on an...

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Italy adopts eurozone crisis tools

(ANSA) - Rome, October 13 - The Italian government on Monday adopted a series of measures to combat the global financial crisis which were hammered out by the leaders of the 15 eurozone countries at the weekend.The measures were contained in a decree which Economy Minister Giulio Tremonti said was a ''seamless'' follow-up to one issued last week based on an accord struck between the 27 European...

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Italy proposes broadening G7

WASHINGTON (Reuters) - Italy will propose broadening the Group of Seven nations and giving new and different tasks to the International Monetary Fund and World Bank, Italian Economy Minister Giulio Tremonti said on Saturday.

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Italy proposes broadening G7, changing IMF

WASHINGTON (Reuters) - Italy will propose broadening the Group of Seven nations and giving new and different tasks to the International Monetary Fund and World Bank, Italian Economy Minister Giulio Tremonti said on Saturday.

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Italy proposes broadening G7, changing IMF

Italy will propose broadening the Group of Seven nations and giving new and different tasks to the International Monetary Fund and World Bank, Italian Economy Minister Giulio Tremonti said on Saturday.

32Vote!

Banks get big bite of bailout

... M. Flaherty; Britain's Chancellor of the Exchequer Alastair Darling, Italy finance minister Giulio Tremonti; Germany's Minister of Finance Peer Steinbrueck; and World Bank President Robert Zoellick. (AP Photo/Charles Dharapak) (Charles Dharapak - AP) Merrill Lynch chief executive John Thain, center, arrives at the Treasury Department to meet with Secretary Henry M. Paulson and other executives....

28Vote!

U.S. Set to Invest in Bank Stakes

... M. Flaherty; Britain's Chancellor of the Exchequer Alastair Darling, Italy finance minister Giulio Tremonti; Germany's Minister of Finance Peer Steinbrueck; and World Bank President Robert Zoellick. (AP Photo/Charles Dharapak) (Charles Dharapak - AP)

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Pledges by European countries to help banks

... billion euros that it pledged for bank capitalization last week.--ITALY: Finance Minister Giulio Tremonti said the Italian package would be worth "as much as necessary."--PORTUGAL: Announced Sunday it would guarantee 20 billion euros ($27 billion) in interbank loans -- nearly 12 percent of annual economic output.--BRITAIN: Announced Oct. 8 a 50 billion pound ($88 billion) plan to partly...

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U.S. Moves to Get $700B Bank Rescue Started

... M. Flaherty; Britain's Chancellor of the Exchequer Alastair Darling, Italy finance minister Giulio Tremonti; Germany's Minister of Finance Peer Steinbrueck; and World Bank President Robert Zoellick. (AP Photo/Charles Dharapak) (Charles Dharapak - AP)