Dutch Central Bank Sale Announcement Imminent? Message Board

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Politics : Dutch Central Bank Sale Announcement Imminent?

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To: sea_urchin who wrote (21331)	7/6/2004 5:04:41 AM
From: GUSTAVE JAEGER	Read Replies (2) of 75749

Yet another crack in the dam.... Italy escapes rebuke over budget deficit By Stephen Castle in Brussels 06 July 2004 Italy escaped without a rebuke for its big budget deficit yesterday, after the country's Prime Minister, Silvio Berlusconi, promised to implement a multibillion-euro package of spending cuts and tax rises which has provoked a domestic political crisis. Mr Berlusconi, who has temporarily added the role of finance minister to his wide web of interests, hailed the deal as "a good result as I had predicted", after a meeting in Brussels. So controversial is the €7.5bn (£5bn) package of measures that the man who constructed it, Giulio Tremonti, was forced to quit as Finance Minister over the weekend. His exit was the price demanded by Mr Berlusconi's fractious coalition partners for avoiding the prospect of early elections. It looked last night as if Mr Berlusconi will hang on to the post of Finance Minister for some time after suggestions that the job would go to Mario Monti, the European commissioner for competition, fell by the wayside. In addition to being Prime Minister, Mr Berlusconi served as Foreign Minister for 11 months after the resignation of Renato Ruggiero in 2002. But his new position raises more questions of conflict of interest for Italy's richest man. As Finance Minister he will act as the main shareholder in the state broadcaster RAI, the utility and energy giants ENEL and ENI, the national flag carrier Alitalia, the national post and the state railways. However EU finance ministers in Brussels welcomed his statement. The measures are designed to keep Italy in line with the eurozone ceiling of a budget deficit of 3 per cent of GNP. [...] news.independent.co.uk The first crack: Message 18668174

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