World News Insights
1-3 Minute Gist
Search, personalize, or simply browse. Follow the world around you from gist and context to insights.
Who we are | Our Credo | Ways of using Lyrarc | FAQ | Send Feedback | First Letter From the Editor
Sign up. It's free and easy to use
Create an account
to personalize your feed of articles and topics.
All Topics Article
Italy Central Banker Is Open to 'Bad Bank'
Keywords:
Ideas for a national "bad bank" to assign bad assets and help improve the rate of bank lending in the economy from Bank of Italy head, Ignazio Visco. There is a sense that the undercapitalization of business is holding back Italy's economy, and problems are not only the high government debt level of 2.1 trillion euros. Italy's business investment per worker has declined 9% since 2009, Germany's increased by 8%, France's 2% in the same period, Mr Visco said at a banking conference in Rome in Jan 2014. Visco said the idea of a bad bank similiar to that setup in Spain would at a moderate cost free up resources to be used to finance the economy. In the current situation of weak bank balance sheets and borrowers weakened by the long austerity period, banks are not able to pass on the eurozone's low interest rates for businesses to pursue growth opportunities.
Bank of Italy, Italy's central bank- policies 2010-2014
10/20/2011
Grouped Articles
Bank of Italy Inspecting Top Lenders' Books
Wall Street Journal 07/30/2013
Italy Central Banker Is Open to 'Bad Bank'
Wall Street Journal 02/10/2014
Berlusconi Chooses Ignazio Visco to Head Bank of Italy
New York Times 10/20/2011
Italy's Bank Pick Rattles the ECB
Wall Street Journal 10/22/2011
Italy's struggling banks and tightening of credit for small business- 2012-2016
12/02/2013
Grouped Articles
Italian Banks' Woes Hurt Small Firms
Wall Street Journal 12/02/2013
Italy Central Banker Is Open to 'Bad Bank'
Wall Street Journal 02/10/2014
Italian Banks are the Weakest Performers in E.C.B. Review
New York Times 10/26/2014
The Banker Who Is No Longer Welcome in Restaurants
Wall Street Journal 01/27/2016
Italy Agrees on Fund to Support Battered Lenders
Wall Street Journal 04/12/2016
The twin problems of lack of growth under austerity plans and overvalued currencies of Italy, Greece, Spain and Portugal
06/24/2011
The twin problems of lack of growth and overvalued currencies under the solutions of austerity plans without debt reduction and a single euro currency create impossible odds for a resolution of the eurozone financial crisis. Germany's insistence on tough austerity measures, European banks delaying restructuring of bad loans similar to the U.S. Brady plan, failure of politicians in Italy and Greece to take early action, and small steps by policymakers, are compounding the effects of the eurozone crisis.
Grouped Articles
German Election Overturns Political Order
Wall Street Journal 09/23/2013
New York Times 11/03/2013
Germany's Surplus Isn't the Problem
Wall Street Journal 11/11/2013
The 'Silent Austerity' in Banking
Wall Street Journal 01/21/2014
Italy Central Banker Is Open to 'Bad Bank'
Wall Street Journal 02/10/2014
Saying No to Austerity, Spain Unveils Tax Cuts
New York Times 06/20/2014
The Bank of Italy, Italy's central bank, and the increase in non-performing loans to about 15% for Italian banks in 2013
07/30/2013
Grouped Articles
Bank of Italy Inspecting Top Lenders' Books
Wall Street Journal 07/30/2013
Italy Central Banker Is Open to 'Bad Bank'
Wall Street Journal 02/10/2014
Italian Banks are the Weakest Performers in E.C.B. Review
New York Times 10/26/2014
Italy Agrees on Fund to Support Battered Lenders
Wall Street Journal 04/12/2016
Innovative ways to recapitalize banks and reduce government debt in Italy in 2012
07/13/2011
Italian banks exchange Italian government bonds for government properties, which they lease back to the government. The banks use the properties as collateral for loans from the ECB, and Italy's government retires the bonds and reduces the debt load. This is part of new legislation passed in the Italian parliament under Mario Monti in Dec. 2011.
Grouped Articles
Spanish Banks More Vulnerable Than Italy's
Wall Street Journal 07/13/2011
Italy Central Banker Is Open to 'Bad Bank'
Wall Street Journal 02/10/2014
Italy Agrees on Fund to Support Battered Lenders
Wall Street Journal 04/12/2016
Just Don't Call It a 'Bailout'
Wall Street Journal 12/20/2011
Euro-Zone Banks Tap Big ECB Loans
Wall Street Journal 12/21/2011
Staring Into the ECB's Mini Bazooka
Wall Street Journal 12/21/2011
Mario Draghi, the Bank of Italy and Italy's economic policies
08/07/2011
Grouped Articles
Italy Central Banker Is Open to 'Bad Bank'
Wall Street Journal 02/10/2014
Wall Street Journal 08/07/2011
Italian Workers Strike Against Austerity Measures
New York Times 09/06/2011
Rome's Rating a Warning to Europe
Wall Street Journal 10/06/2011
Italy's Bank Pick Rattles the ECB
Wall Street Journal 10/22/2011
Top Banker Is Quick to Make His Mark
Wall Street Journal 11/03/2011
The impact of higher interest rates of about 6% on small and medium sized businesses in Italy and Spain in 2012-2014
05/16/2013
Banks in Italy are paying much higher interest rates to borrow than French or German banks leading to higher rates for small and medium sized businesses in Italy. In Italy these businesses employ about 80% of workers, in Spain which faces a similar situation the figure is about 67%. The credit squeeze is hurting the recovery.
Grouped Articles
Europe’s credit crunch: Mend the money machine
Economist 05/16/2013
Italy Central Banker Is Open to 'Bad Bank'
Wall Street Journal 02/10/2014
Bonds of Italy, Spain Narrow Gap With U.S., German Yields
Wall Street Journal 04/09/2014
For Some in Europe, High Lending Rates Hamper Recovery
New York Times 05/12/2014
E.C.B. Plots Strategy for Staving Off Deflation
New York Times 05/26/2014
In Spain, Banks Find Dry Lending Landscape
Wall Street Journal 12/04/2014
We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.
Support Lyrarc from as small as $1
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us
