From Economics Newspaper:
"Apparently, the Chinese want a massive government bonds of highly indebted Italy take over. According to media reports, there are already several weeks intense negotiations. There were several meetings with representatives Chinese investment funds, also through participation in leading Companies to negotiate the euro-land. The Financial Times Germany reported, citing Italian government circles that Lou Jiwei the chairman of the China Investment Corporation one of the world largest mutual funds in the past week, with Italy Finance Minister Giulio Tremonti met. The focus of negotiations was the participation of Italian companies. Other participants in the previously non-public meeting: Representatives of the Cassa Depositi e Prestiti a government institution responsible for the access of foreign investors to strategic investments in Italy in charge is.
Even two weeks ago it should have been an internal discussion: there were representative of the Italian government in talks with several state agencies conducted for the administration of Chinas foreign exchange reserves, worth about 3.2 trillion U.S. dollars are responsible. Previously it was in August, talks between Chinese investors and the head of Italian debt management, Vittorio Grilli given. According to government sources, it will in the near future give further meetings, reports the Financial Times section. It would not be the first time that Chinese investors massively in Europe Bonds involved. In Greece billion they invested.
Italy suffers from high public debt. In the current year expected Experts a share of debt to gross domestic product of 120 Percent. The Maastricht Treaty does not provide an upper limit of a debt Member country of the euro zone of 60 percent of economic output Year before. In addition to the Chinese investors as well as plans Italy, further austerity measures to durchzudrücken.Dazu in the next few days Deabttiert Parliament, said Finance Secretary Alberto Giorgetti on Tuesday in Rome. The discussions would then also what the Government could do to stimulate the economy. The first big question growth, said Giorgetti. This is a topic on the agenda. From The The government has already adopted and passed by the Senate Special offer should be adopted in the course of the week in the House of Representatives.
The previous austerity package is 54 billion and sees a difficult balanced budget by 2013. Italy to Greece within the euro zone, the country with the highest public debt. In the course the crisis in Greece is the third largest economy in the monetary union increasingly come under the scrutiny of the financial markets. The government is in the Critique of partners, not courageous enough to tackle the debt."
"Apparently, the Chinese want a massive government bonds of highly indebted Italy take over. According to media reports, there are already several weeks intense negotiations. There were several meetings with representatives Chinese investment funds, also through participation in leading Companies to negotiate the euro-land. The Financial Times Germany reported, citing Italian government circles that Lou Jiwei the chairman of the China Investment Corporation one of the world largest mutual funds in the past week, with Italy Finance Minister Giulio Tremonti met. The focus of negotiations was the participation of Italian companies. Other participants in the previously non-public meeting: Representatives of the Cassa Depositi e Prestiti a government institution responsible for the access of foreign investors to strategic investments in Italy in charge is.
Even two weeks ago it should have been an internal discussion: there were representative of the Italian government in talks with several state agencies conducted for the administration of Chinas foreign exchange reserves, worth about 3.2 trillion U.S. dollars are responsible. Previously it was in August, talks between Chinese investors and the head of Italian debt management, Vittorio Grilli given. According to government sources, it will in the near future give further meetings, reports the Financial Times section. It would not be the first time that Chinese investors massively in Europe Bonds involved. In Greece billion they invested.
Italy suffers from high public debt. In the current year expected Experts a share of debt to gross domestic product of 120 Percent. The Maastricht Treaty does not provide an upper limit of a debt Member country of the euro zone of 60 percent of economic output Year before. In addition to the Chinese investors as well as plans Italy, further austerity measures to durchzudrücken.Dazu in the next few days Deabttiert Parliament, said Finance Secretary Alberto Giorgetti on Tuesday in Rome. The discussions would then also what the Government could do to stimulate the economy. The first big question growth, said Giorgetti. This is a topic on the agenda. From The The government has already adopted and passed by the Senate Special offer should be adopted in the course of the week in the House of Representatives.
The previous austerity package is 54 billion and sees a difficult balanced budget by 2013. Italy to Greece within the euro zone, the country with the highest public debt. In the course the crisis in Greece is the third largest economy in the monetary union increasingly come under the scrutiny of the financial markets. The government is in the Critique of partners, not courageous enough to tackle the debt."
