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Il Sole 24 Ore - Front Page

All the news from Il Sole 24 Ore front page newspaper, provided daily, translated

A Pact To Rethink

In his letter to majority parliament members, Italian prime minister Matteo Renzi offers a first political response to the economic data by statistics agency Istat. His answer must be convincing, to avoid that the government find itself crucified on the figures of the new recession. ...

Europe's «Announcement Syndrome»

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Italy's Renzi government is often charged of being afflicted with an "announcement syndrome" – i.e., announcing, rather than enacting reforms (spurring even an Italian neologism – "annuncite"). The critique is not unwarranted, but prompts a spontaneous retort: "Look who's talking." Indeed, if there is one player on the European stage who suffers acutely from the malady, it is Europe itself. The latest example is provided by the acclaimed ...

A More Informed Renzi: The Challenge Now Is Article 18

Renzi hopes to break through the last objections on the labor reform Italy needs to secure European flexibility over public accounts. His plan, however, makes no mention of the funds to support the necessary welfare cushions.

Reforms or Elections—But Without Losing that 41 Percent

Amid a difficult battle with Parliament, Matteo Renzi finds that he only has public opinion to fall back on.

Banks: More Write-Downs to Restart Credit

An Interview with the European Banking Authority chair, Enria Andrea Enria.

If the European “No” Infects Northern Nations

Anti-Europeanism is something that has been developing with steady profession in Southern nations for some time, but a possible spread to northern nations is a development that can bring grave consequences.

Jobs Do Not Need Séances.

The debate on the rules of the job market has been stuck for too many years on ideological taboos: an open-minded discussion on how to reform it based on simple economic considerations that have been long overdue.

Klaus Regling Interview with Il Sole 24 Ore, full text

 (AP)

Q. The EFSF/ESM have a joint maximum lending capacity of 700 bn euro. What has been done so far?R. In 3,5 years of activity, EFSF/ESM supported 5 countries with a total disbursement of 232 bn euro: EFSF supported Ireland (17.7 bn), Portugal (26 bn) and Greece (141.8 bn), the ESM supported Cyprus (5.4 bn) and Spain (41.3). The interest rate applied was the same for all, basically to our funding cost, which is now on average around 1.5%. ...

No-Reform Sleepwalkers on the Brink of Precipice

German Finance Minister Wolfgang Schäuble has called for stronger investments, Berlin included. How well this will translate into real decisions remains to be seen—especially when Italy enters the equation.

Juncker’s Challenge

The “left-right” scheme does not offer much help in understanding whether the Juncker’s Commission will promote growth policies or confirm policies of fiscal austerity.

Home Furnishings: The Fashion Industry at Risk

With tensions with Russia continuing, Italy’s Fashion worries over sanctions due to it’s close ties to Moscow.

If Europe Is at Risk of a Showdown

At a time when coordination and cooperation are most needed, European governments are, on the contrary, raising the tone of their clashes to unprecedented levels.

The Tree of Recovery

An introduction to our new magazine dedicated to the unique beauty of Italy.

The Relationship with Asia and the Italian Challenge

On the eve of its Wall Street IPO, FIAT/FCA looks more and more towards the Eastern markets, while, unless serious reforms are passed, Italian plants and jobs become increasingly vulnerable.

New Models and Partnerships: The Priorities of Fiat Chrysler

With next month’s meeting in London on the Horizon, Fiat Chrysler Automobiles will have to face the issues of increasing liquidity while also producing new models by increasing investments.

From Turin to the Emirates

A history of the leadership roles held by Luca Cordero di Montezemolo.

The Only Road For Growth

The moderate positive signs of the recovery ended with the second quarter. Real recovery is within reach, but it can only be obtained with the most urgent European recommendations, while continuing to work on structural reforms.

But Berlin Insists on Austerity

With its near fetishized penchant for austerity, Germany is suffering from a lack of investments. This trait of Germany is particularly reflected in its infrastructure.

If the Market Bets on a New Industrial Plan

As a shift in guard occurs for Fiat, the markets get ready to wager their bets.

In Those Classrooms, We’re Betting on our Future

Despite promises of improvements, the country’s children will be returning to school, today, to find the same problems that have long been plaguing our countries educational institutions.

Versione Italiana

The Economists

The Wrong Growth Strategy for Japan

CAMBRIDGE – Japan’s new government, led by Prime Minister Shinzo Abe, could be about to shoot itself in the foot. Seeking to boost economic growth, the authorities may soon destroy their one ...

China’s Antifragile Ambitions

HONG KONG – China has once again reached a crossroads on its journey toward inclusive, sustainable prosperity. At the Chinese Communist Party’s congress in November, the new leadership was ...