Maneuver, dissatisfaction with Brussels for letter from Italy. Renzi: “No call-and-response – LOOP.it

Negotiation, the Eu-Italy on Sunday. The Commission points to portray a dissatisfaction with the responses in Italian to the doubts expressed on the budget law the Italian premier Matteo Renzi, denies that there is a iron-arm, in the act.

The position of the Brussels – In Brussels, there is dissatisfaction with the reply of Italy to the remarks to the draft budgetary plan.Of the 5 letters received, 3 are more constructive (Portugal, Finland, Belgium) and 2 are less so, Italy and Cyprus. And’ what is learned in Brussels. the Tomorrow is the deadline for any request for a revision of the programmatic document of the financial statements by the Eu-Commission, in the case in which it was recognized to be a serious risk of diversion of the objectives of structural adjustment. So far it never happened and even in this case it probably will not happen. But the negotiations are continuing, because we learn in the same environments – even if the rejection probably will not arrive, this does not mean that the budget is going well.

The earthquake and the maneuver according to the Eu – The ability to invest in prevention for the safety of buildings with measures for seismic out of the stability Pact is provided for in the communication on the flexibility of the January 13, 2015, in the attached one. And’ what is learned in an environment of Brussels. Then, when you accuse the Eu Commission not to allow investments in earthquake-proof – states in the same environments – < / strong>is made populism cheap. “Under the current rules the Eu there are ways to exclude the costs in the short term in response to major natural disasters, which are considered to be measures of the one-off excluded by the efforts of the budget when evaluating compliance with the Pact of stability” and that “we have already done in the past for the earthquakes in Abruzzo and Emilia-Romagna”. A spokesman for the european Commission to anyone who asks if the Eu will be less strict on the budget of Italy. “At this point, not speculiamo – adds the spokesman – Any costs that may meet the criteria will be assessed when we receive all the details from the Italian authorities. Remember that it is in the course of a dialogue with the Italian authorities on the Dbp and, therefore, I can only repeat that, not speculiamo”.

The hypothesis of mediation: the compromise that you continue to study in these hours, you may have to take advantage of the european Fund for strategic investments and framing in that context, the plan for the safety of the territory. A hypothesis suggested by the technicians in europe, when, in reaffirming that the costs for the close emergency already are out of the stability Pact, there is a reference to annex a to the notice on the flexibility of the beginning of 2015. In that document, in fact, provides the possibility not to count in the deficit of individual Countries, some of the expenditure carried out in the framework of the Eifs, citing various examples of operations co-financed by public and private operators. Under this ‘umbrella’, then, could, on the one side there is a flywheel (and more resources) to carry out the plan for the medium term, and on the other allow, within the rules, that these costs do n ot impact on the deficit (in particular the structural deficit) was used as a reference by the Eu for the monitoring of public accounts.

replica Renzi – “there is no arm of iron with Europe: what it takes we make it” . He said the premier Matteo Renzi in a press conference after the cdm. “We – he adds – we are respecting the european rules that include clauses exceptional”. “The point is: immigration and the earthquake are exceptional events. I consider also what you need to put in place the school building” also “in the territories are not affected. “We’ve had three earthquakes in 7 years, in the face of this, even a child realizes that in Italy there is a problem, the seismic” and “with children do not mess”, he adds.

In the morning from the Eu had come a message solidarity for the earthquake to our Country as Berlin stresses that the pattò european stability is flexible.

Consob vara rules Who sells the shares and bonddeve be more clear – Corriere della Sera

Has arrived. It is part of the “package” when asked by the president of the Italian banking Association, Antonio Patuelli, to improve relations between banks and their customers, and also reduce the number of disputes. Is the new Recommendation, just published by Consob, to make it “more clear and effective” Warnings for the investor, an instrument – accurate to the Commission, which supervises listed companies, chaired by Giuseppe Vegas – “although not part of the prospectus serves to highlight in a few pages the risks of particular significance relating to the company and/or the financial instruments are offered to the market”.

Antonio Patuelli, president of the Italian banking Association

In essence, we ask that the text of the Warnings is published “with good evidence, on the page immediately following the cover page of the prospectus, in characters that are easily readable, conversational style, avoiding acronyms, and tables.” An appeal to the financial companies because they provide the information on the products they sell with “brevity and terseness, simplicity of exposition, clarity, and immediacy”. The Warnings to the investor, there are already , but take up many pages, and often they are so descriptive or tautological as to be useless.

central points

The Recommendation in the recently published calls, which are now set out clearly the main points such as , lists Consob: 1) “the aim of the operation”; 2) “the possible uncertainty as to the continuity of the company”; 3) ” the characteristics of the financial product proposed, representing the potential complexity and the risk of illiquidity, which may affect the recovery of the investment”. In short, those who buy risky assets should be more informed than before on risk.

claims earlier

the Event of December 2015 in front of the Banca Etruria

The goal of supporting the Consob, is “to improve the quality of information available to savers and investors”. The document comes between the else after that, in the past few months, Vegas was contested to have admitted that the prospectuses – that is, the documents attached by law to the financial instruments, from shares to bonds and loans – are long and complex. “An excess of information is the equivalent of almost always a lack of information,” he admitted on the 9th of may Vegas. Was in front of the financial community, which held its sixth speech, and announced three measures for the protection of savings, also because the information is made more simple, and the prospectuses more readable.

Customers who have lost everything in investments in bank bonds (December 2015)

“We need to take note that the world has changed”, said the chairman of Consob. The world bank, in particular, was in full storm, for the case of the contribution required of holders of subordinated bonds to avoid the bankruptcy of the Banca Etruria, Banca Marche, CariFerrara, CariChieti, the four banks placed in resolution, the 22 November. The decree of the 22nd of November 2015 had an explosive effect retroactively on more than 10 thousand holders of bonds subordinate, called to heal the debts of the four institutes Is now interesting the sentence with which it is stated that the Warnings on the prospectus must be read from the savers “independently”, i.e. without need of any expert. The standards will be effective within 30 days from the publication of the Recommendation”, and then from the first of December 2016, to give time to the banks and asset management companies to make consistent the “Warnings” to the new rules.

braking on the Priips

this is the second Recommendation of Consob, which goes in this direction. Following on from that of October 18, on “Distribution of financial instruments via a trading venue, multilateral”. The third is that on the “key Information to be provided to retail customers in the distribution of financial products”: the “cards” in short, with which the bank or the promoter should accompany the offering of the shares, investment funds, bonds and other products. The identity cards of what you buy. The latter is still under examination because it is jammed in the machine, european, says, in substance, to the Consob. In fact, we must wait what will decide the Eu in relation to the key information to provide the products to the detail. The regulation on Priips, financial products, pre-assembled array of banking and insurance companies, was in the pipeline, but the european Parliament has stopped everything (even to the pressure of the lobbies insurance companies, according to some observers). We expect that the Commission clarify, believes the Consob.

appointments internal

Consob also extended by 18 months the mandate of the director-general, Angel Type, which was expected due January 11, 2018, and renewed the mandate to the deputy director general, Giuseppe D’agostino. Put will remain in office until July 11, 2019, and D’agostino until July 11, 2019.

October 31, 2016 (amendment 31 October 2016 | 16:02)

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Maneuver, dissatisfaction with Brussels in order to response in Italy – ANSA.it

In Brussels, there is dissatisfaction with the reply of Italy to the remarks to the draft budgetary plan. Of the 5 letters received, 3 are more constructive (Portugal, Finland, Belgium) and 2 are less so, Italy and Cyprus. And’ what is learned in Brussels.

Tomorrow is the deadline for any request for a revision of the programmatic document of the financial statements by the Eu-Commission, in the case in which it was recognized to be a serious risk of diversion of the objectives of structural adjustment. So far it never happened and even in this case it probably will not happen. But the negotiations are continuing, because we learn in the same environments – even if the rejection probably will not arrive, this does not mean that the budget is going well.

The possibility of investing in prevention for the safety of buildings with measures for seismic out of the stability Pact is provided for in the communication on the flexibility of the January 13, 2015, in the attached one. And’ what is learned in an environment of Brussels. Then, when you accuse the Eu Commission not to allow investments in earthquake-proof – states in the same environments – < / strong>is made populism cheap.

“Under the current rules the Eu there are ways to exclude the costs in the short term in response to major natural disasters, which are considered to be measures of the one-off excluded by the efforts of the budget when evaluating compliance with the Pact of stability” and that “we have already done in the past for the earthquakes in Abruzzo and Emilia-Romagna”. A spokesman for the european Commission to anyone who asks if the Eu will be less strict on the budget of Italy. “At this point, not speculiamo – adds the spokesman – Any costs that may meet the criteria will be assessed when we receive all the details from the Italian authorities. Remember that it is in the course of a dialogue with the Italian authorities on the Dbp and, therefore, I can only repeat that, not speculiamo”.

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Istat: “prices Decline”The turnabout of the inflation – Corriere della Sera

an about-turn. The price index in October, he returns to mark a decline, down 0.1% on an annual basis. They say that the preliminary estimates of Istat. Means that you cancel the small rise in September (+0.1%) in that he had interrupted a phase of deflation that had lasted for seven months. “The trend decline in the overall index continues to be determined by the energy goods whose loss is accentuated slightly,” says the Institute of statistics. In terms in the short term, however, inflation in October, remains stationary, with the recording of a change in zero.

summer

Considering the trend rate, as of October reappeared deflation, with the index that shows the level by 0.1% already marked in July and August. If the sign most of September had been determined by the “power factor”, is always the same factor to have impacted on the dynamics of the last month. For energy goods, Istat, in fact, indicates a decline of 3.6% (down by 3.4% in September). A datum that is the result, stresses the Institute of statistics, “for a more intense decline in prices of those that are regulated (-6,0%, was 3.8% at September) and a partial return of the contraction of the energy Goods non-regulated by 0.8%, from 2.7% of the previous month)”. For the uk’s “further contributions deflationary arise from the developments of other types of products, among which stand out the food is not processed (down 0.4% from +0.4% in September)”. Here is that net of energy goods inflation slows, reaching +0.2% (was +0.5 per cent). Similarly net of food products and of goods and energy, “core inflation” brakes +0.2% (+0,5%). The rate gained for 2016 remains equal to -0,1%.

spending

The shopping cart and then decreases, always on-trend, according to Istat. That emphasizes this: “The prices of food goods, for the care of the house and of the person are still on a monthly basis and recorded a decrease of 0.3% on an annual basis (the change had nothing to September)”. The food, for the care of the house and of the person include, in addition to food goods, the goods for cleaning and routine maintenance of the house and goods for personal hygiene and beauty products.

Istat: “The prices now fall in” The turnabout of the inflation – Corriere della Sera

an about-turn. The consumer price index in October, he returns to mark a decline, down 0.1% on an annual basis. They say that the preliminary estimates of Istat. Means that you cancel the small rise in September (+0.1%) in that he had interrupted a phase of deflation that had lasted for seven months. “The trend decline in the overall index continues to be determined by the energy goods whose loss is accentuated slightly,” says the Institute of statistics. In terms in the short term, however, inflation in October, remains stationary, with the recording of a change in zero. And in general, in contrast, rising fuel prices.

summer

Considering the trend rate, as of October reappeared deflation, with the index that shows the level by 0.1% already marked in July and August. If the sign most of September had been determined by the “power factor”, is always the same factor to have impacted on the dynamics of the last month. For energy goods, Istat, in fact, indicates a decline of 3.6% (down by 3.4% in September). A datum that is the result, stresses the Institute of statistics, “for a more intense decline in prices of those that are regulated (-6,0%, was 3.8% at September) and a partial return of the contraction of the energy Goods non-regulated by 0.8%, from 2.7% of the previous month)”. If fuel prices heat up, in fact, in the sector regulated (electricity and gas), the latter shall prevail instead of the minus signs. For the uk’s “further contributions deflationary arise from the developments of other types of products, among which stand out the fo od is not processed (down 0.4% from +0.4% in September)”. Here is that net of energy goods inflation slows, reaching +0.2% (was +0.5 per cent). Similarly net of food products and of goods and energy, “core inflation” brakes +0.2% (+0,5%). The rate gained for 2016 remains equal to -0,1%.

spending

The shopping cart and then decreases, always on-trend, according to Istat. That emphasizes this: “The prices of food goods, for the care of the house and of the person are still on a monthly basis and recorded a decrease of 0.3% on an annual basis (the change had nothing to September)”. The food, for the care of the house and of the person include, in addition to food goods, the goods for cleaning and routine maintenance of the house and goods for personal hygiene and beauty products.

producer prices

also Drops the index of producer prices of industrial products. According to the latest data from Istat, reported in September, the parameter remains unchanged compared to the previous month, but a decrease of 0.7% in terms of trends, with trends deflationary, which continue to affect both the markets for industrial products.

October 31, 2016 (amendment 31 October 2016 | 12:37)

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For over 36 years, half a million italians receive pensions – Blasting News

#Inps announced that they are 540.000 italians by more than 36 years benefit fromcheck board. The average age of beneficiaries of the cheque is between the 54 55 years. For public pensions, assets, the average output was 47.5 years. More precisely, in the private 188.000 about the #Pensions old-age pensions from prior to 1980, while those of invalidity, in the same period are approximately 440,000. Pensions today are raised about 8 years
while the survivors has grown by an average of nearly 30 years.

According to the studies of the INPS the 40% of pensioners are Italian (6.4 million) has a check pension below 1,000 euros per month. And are in particular most women and men who face this threshold. And this is the reason that has pushed the government to tackle the pensions problem trying to give a balance that currently does not exist and that, in 2014, had an increase of 1.2%. Already this year the number of performances has decreased to 100.000.

The controversy started to subside, and, among the many points in the discussion, there is one of the early. As is well known, the workers early ask for changes on their retirement age in order to avoid that this will grow even further. According to the budget 2017 early may retire with 41 years of contributions and with an age less than 63 years, provided that, in between 14 and 19 years, they have completed at least one year of work. – Will benefit workers who are unemployed, disabled or carers for disabled, or those belonging to the categories of teachers of kindergarten, machinists, carriers, cranes, truck drivers, and operators ecological. In this regard, on the web, circulate the questions of the early Boers reminding him that the ads made by the INPS were misleading. For example, in 2012, the INPS declared 400.000 esodati and now we talk about 172.000 units. Indeed, in the second protection 55.000 esodati became 20,00 0 to benefit from it. Therefore, there are many of them to complain, and to ask INPS to give correct and valid information to the next safeguard which will address the Eighth measure.

Pensions, in the School in 1980, he left the job at 47 years old or up to 55 years – The Technical School

more than half a million people in Italy receive a pension from more than 36 years of age, when he left a lot of work before 50 years of age.

it Was 1980 and in the public sector, school included, was in early retirement at the age 47.4 years. Or, for reasons of age, left the work-around for 55 years.

The pensions of public employees be provided prior to the 1980s, summed up the Bend, are 4.573 for the old age (55,7 the average age at the effective date), 33.654 to seniority (to 47.4 years, the mean age at the commencement), 16.573 to survivors from the insured (41,7 years of age at the commencement) and 10.663 for the survivor retired (46,3 the average age at the issue date).

In 2015, the average age at the commencement of public pensions in force was at 66.8 age of 62.4 years for early retirement.

The data are contained in tables Inps on the years of commencement of old-age pensions (including retirement) and survivors ‘ pensions of the private and public sector, therefore excluding both the disability benefits of social security, both disabled civilians, both welfare benefits.

In all, the old-age pensions and survivors ‘ pensions of the private sector who have more than 36 years 475.000, in the public 65.463.

Those who today – with the "close" introduced by the Fornero reform leaves the job almost 68 years old or with more than 42 years of contributions – are considered privileges, 36 years ago they were adopted, even in the portfolios private.

Are in effect from prior to 1980, private sector 188.436 old-age pensions (54,9 years, the average age at the effective date) 439.718 disability pensions (44,5 the average age at the effective date) and 286.542 survivors ‘ pensions (41,35 years, the average age at the commencement date) for over 914.696 allowances total (45,66 the age at the issue date).

disability income (439.718) must however be considered differently as they have been allocated on the basis of the physical conditions of the people. The average age at the commencement of the pensions in force has risen by almost 8 years for old-age pensions (from 54,9 years in 62,55 average), while for the survivors has grown by an average of nearly 30 years passing by the 41,35 of pensions in force for over 36 years (that clearly were provided to people, then very young, given that they are still living) to 73,89 years of those, with effect from 2015.

Retirees from more than 36 years? In Italy there are more than 540 thousand – Corriere della Sera

there Are about 540 thousand pensions were granted before 1980, and then settled for over 36 years. The data is in the tables Inps on the years of commencement of old-age pensions (including retirement) and survivors ‘ pensions of the private and public sector, therefore excluding both the disability benefits of social security, both disabled civilians, both welfare benefits.

Disability independent of age

The old-age pensions and survivors ‘ pensions of the private sector who have more than 36 years 475.000, in the public 65.463. For the public assets, the average output was 47.4 years. Are in force from before the 1980s in the private sector 188.436 old-age pensions (54,9 years, the average age at the effective date) 439.718 disability pensions (44,5 the average age at the effective date) and 286.542 survivors ‘ pensions (41,35 years, the average age at the commencement date) for over 914.696 allowances total (45,66 age at the commencement). Disability income (439.718) must however be considered in a different way because they were allocated on the basis of the physical conditions of the people.

average Age of commencement of pension raised eight-year-old

The average age at the commencement of the pensions in force has risen by almost 8 years for old-age pensions (from 54,9 years in 62,55 average) while for the survivors has grown by an average of nearly 30 years passing by the 41,35 of pensions in force for over 36 years (that clearly were provided to people, then very young, given that they are still living) to 73,89 years of those, with effect from 2015. The pensions of public employees be provided prior to 1980 are 4.573 for the old age (55,7 the average age at the effective date), 33.654 to seniority (to 47.4 years, the mean age at the commencement), 16.573 to survivors from the insured (41,7 years of age at the commencement) and 10.663 for the survivor retired (46,3 the average age at the effective date). In 2015, the average age at the commencement of public pensions in force was at 66.8 age of 62.4 years for early retirement.

October 30, 2016 (change the 30 October 2016 | 15:26)

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Pensions, portion 41, and a mini pension: latest news, news on pension reform – Techcrunch.it

Pensions, the latest news: cross-party support to the improvement in class quota 41 and mini retirements.

the Pensions latest news and the latest pension news: Committees on the Internet about news for pensions, had meetings with several representatives of the various forces and the improvements that you are studying to make that are clearly getting the advice of these Committees Online that seem to be heard. Now go to the practice and could actually change some elements of the changes for pensions, however, is very complex for diver reasons for how they were structured in the documents.

Cotinuano to be more active and protagonists of the debates on pensions, writes http://www.businessonline.it/ – also with regard to that before were unthinkable with different forces groups online, ready to continue to fight to obtain favorable news for the pension positive for all conditions, certainly at the moment are not met by the mini-board and the portion 41, which are in discussion to be included in the new consolidated text, and in approval by the end of the year. How to improve, however, the current news for the pensions ? What would be the best solutions for the same news for the pensions? How to protect the categories of workers strongly in difficulties because of the current rules for the pensions? The Youth group, Work, Retirement Franco Rizzo, after the exhibition, in Bologna, during which he reiterated the need of the portion 41 for all, without conditions and limitations and without charges, is preparing to participate in, reported by the latest and last new s for today, Sunday, at the new event which will be held on the 12th of November in Milan, together with other groups, to increase the pressure towards the majority for you to put hand to the latest news for the pensions made the point of the mini-board and the portion 41, with improvements.

Rizzo, in fact, the recent news for the pensions presented by the majority are not useful, nor to protect the workers who entered very young in the world of employment or who are in occupations strenuous, nor to boost the employment of youth, why not help to trigger the mechanism of replacement generation that should be the primary effect of the new pensions to guarantee to all workers the opportunity to leave prematurely their employment. The latest news, as we well know by now, confirm the fact that through systems of retirement of older workers, it would create new jobs that employ the most young people and this system makes it possible to start the turn over, giving a new thrust, at the same time, productivity and revitalization of the economy in general.

Pensions, Inps: “More than 500 thousand italians receive the check from before 1980″ – Il fatto Quotidiano

More than half a million Italian receives the board from 36 years. That is, from before 1980. The figure emerges from the tables Inps on the years of the beginning of the treatment of old age (including veterancy), and survivors of the private and public sector, excluding the grants to disability social security, those to civil invalids, and the welfare benefits. Are approximately 540.000 those to be liquidated from before 1980, obviously people at the time very young. Old-age pensions and survivors ‘ pensions of the private sector paid for over 3 6 years 475.000, in the public 65.463. The rest of the government pension advance the average output was 47.4 years.

In the field private are 188.436 old-age pensions in force prior to 1980: it is the people left the labour market, on average, 54.9 years. The disability pensions, pre-1980 are then 439.718 (44,5 the average age at the effective date) and survivors ‘ pensions 286.542 (41,35 years, the average age at the effective date). The disability benefits, however, were provided not on the basis of age but considering the physical condition of the people. The average age at the start date of the pensions regulations, in these years, it has raised almost 8 years to old age (from 54,9 years in 62,55 average), while for the survivors has grown by an average of nearly 30 years passing by the 41,35 of pensions in force for over 36 years to 73,89 years of those, with effect from 2015.

The pensions of the government employees: be provided before 1980 are 4.573 for the old age (55,7 the average age at the effective date), 33.654 to seniority (to 47.4 years, the mean age at the commencement), 16.573 to survivors from the insured (41,7 years of age at the commencement) and 10.663 for the survivor retired (46,3 the average age at the effective date). In 2015, the average age at the commencement of public pensions in force was at 66.8 age of 62.4 years for early retirement.

MILAN - After the great fear of not being able to get to put a full stop, came the acronym in a footnote to the treaty of trade between the Eu and Canada known as Ceta. The premier canadian Justin Trudeau, the presidents of the Council and of the european Commission, Donald Tusk and Jean-Claude Juncker, the premier of the Slovak Robert Fico, the rotating presidency of the european Council, signed theagreement free trade together with the agreement of policy and strategy, called Spa. The negotiations for the signing of the Ceta have lasted seven years.

To stop a few days ago the agreement had been the Valleys, contrary to the treaty. After an exhausting negotiation, however, the French have turned convinced of the promises of the premier belgian Charles Michel. The Ceta must now go back to the the ratification of the european Parliament and of national parliaments, but that the traps may always be just around the corner, it is clear that they are “cautiously optimistic”, you are limited to say today Tusk. After what happened with Wallonia “anything can happen, because we live in a democracy, and it is good that this is so”, but the Ceta agreement is “less controversial that there is”, for this “I’m cautious but optimistic”.

The signature in the meantime, the start of the ratification of the parliaments of the member States of the Eu. Only once you have completed all the process of ratification of the Ceta will be in effect. It is expected, however, the provisional application, after which the ministers of the Twenty-eight will give their assent and after that the will also gave the Plenary of the european Parliament, probably next January (the session of 16-19 January).

On the Ceta came words of support: “this is an agreement a very important, very advanced, useful to the economies of both parties, and that sets the standard for other agreements of this type, said the High representative for the common foreign and security Policy of the Eu, Federica Mogherini, arriving at the european Council summit, the Eu and Canada. “Historic agreement” that will bring benefits to the economies of the Countries involved, he talked about the canadian Trudeau, adding that “the bonds that unite us, beyond the economic cooperation”. What happened with the Walloon region was an “example of a system that works well. We have worked and shown that this agreement is for the benefit of the people,” he added.

there have been protests in front of the headquarters of the european Council, against the signing of the agreement on free trade: some protesters tried to break police barriers and enter the building. Opponents of Ceta, dressed in white overalls, have launched the paint against the security forces and a dozen of them managed to get close to the entrance where they were blocked by the police and the military. However, at least two have managed to enter the hall of the palace, stopped by the agents. The agreement is an ambitious pact business that aims to increase trade between the Eu and Canada by about 20 billion euros per year. According to the social movements in the Ceta are missing themes such as respect for the environment, the negotiations have been conducted without transparency and the agreement will favor the corporations and not the citizens.

Topics:

Ceta

Starring:

Federalberghi, 7 million italians travel to the bridge of the 1° November – reuters uk

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The bridge of November 1st, the data of Federalberghi travel in 7 million, turnover of 2 billion – Si24 – your site daily

Continue to decrease the expense of the italians for the fuel, even if the effect-savings is diminishing with the passage of time and the recovery in the price of oil. According to an elaboration of the Centro Studi Promotor, the savings is “determined from prices at the pump lower in 2016 than in 2015 in the presence of consumption basically stable”. But if, in the compared with a year earlier, in January this savings was 497 million, “in September, the lowest expense on the September 2015 was only 61 million. The reason for this situation is that the trend in fuel prices has been reversed, starting from the beginning of march this year”.

taking advantage of the bank of data on consumption and expenditure for fuels in Italy and of the Promotor, the Centre for the study notes that “the downward trend in the prices of gasoline and diesel fuel that occurred after the peak in 2012 resulted in substantial savings in the expense of the italians for transport fuels. In particular, in 2015, the savings was about 7 billion. In 2016, the savings should be kept to under 5 billion, and there is the real prospect that the spending increases in 2017″.

As every month, Promotor then drew up a final statement on the consumption and expenditure of petrol and diesel cars in our Country: in the first nine months of the year, compared with the corresponding period of 2015, the consumption fell 0.3%, while expenditure fell by 42,174 billion 37,605 billion, with a decrease of 4,569 billion (-10,8%), a decline consisting of 915 million from lower tax revenue and, to 3,654 billion in lower revenues for the industry and the fuel distribution.

another alert on the possible rise in the price of next year comes from the Cgia of mestre, which detects as, however, there will be, at least for 2017, the increase in the Vat linked to the safeguard clauses of the budget. For the Cgia, however, the rise in prices of fuels for gasoline and diesel fuel is around 0,005 euro per liter (half a euro cent). The Stability law of 2014 (the Government Read) – remember the association of venice – has planned for 2017-2018, an increase of excise duties on fuels in such a way to find additional resources, respectively, 220 and 199 million euro. It will be a decision of the Director of the Agency of Customs and Monopolies to establishing the entity, i.e. the amount that will go to increase the taxation on motor fuels. “We hope that with the law of Budgetary 2017, the executive sterilize this rise, says Paul Zabeo of the centre for studies of the Cgia -. Although the price of oil is very low, the price of fuel at the pump rem ains too high, especially because of the level of taxation on a full tank of gas accounts for 69% and that of diesel to 67%. A level that, in both cases, is at the top in the Eu”.

How much is a full tank of a petrol car with tank of 50 Lt
Year	2010	2014	2015	2016	2017
Price industrial	€ 28,65	€ 33,67	€ 26,48	€ 22,23	€ 22,23
VAT	€ 11,37	€ 15,44	€ 13,84	€ 12,90	€ 12,96
Excise duty	€ 28,20	€ 36,52	€ 36,42	€ 36,42	€ 36,67
Price at the pump	€ 68,22	€ 85,63	€ 76,74	€ 71,55	€ 71,86
% Incidence of taxes (*) on the price at the pump	58,0%	60,7%	65,5%	68,9%	69,1%

Processing Studies Office CGIA on data from the Ministry of Economic Development

Mediobanca, full commitment to the Mps – Corriere della Sera

Profits beyond expectations to the highest level since 2008. It is open so the year 2016-2017 Mediobanca, with 270,7 million profits (up 11%) from July to September, the first quarter of the new fiscal year. Highest level in the last 8 years and higher than the consensus of the market equal to 155 million (on the Stock exchange, the shares have closed in the rise of'1,01% 7,01 euro with the offices of studies, from Kepler to Citi, which have revised upwards the target price of up to 7.6 euros with the board of buy). The positive trend of accounts has benefited from the growth in revenues (+4% 526 million), the interest margin (+4% to 314 million) and a reduction in the cost of risk, now at pre-crisis levels (from 141 to 98 basis points), with capital ratios stable (12.1% for the cet1 in the transitional regime, a 12.5% scheme).

“Darwinism bank”

The quarterly report incorporates for 11 million, the contribution of Cairn Capital, in the perimeter from the beginning of 2016, and, Barclays Italy, from 26 August. Among the individual divisions, the highlight is the strong growth of credit to the consumer, with a profit that goes up 65% to € 65 million, the best result ever. “Our — has underlined the chief executive officer of Mediobanca, Alberto Nagel on the sidelines of the assembly that approved the budget 2015-2016 with 605 million profit — is a story of growth. We are subject to darwinism bank. A bank survives if it fits. Mediobanca must continue to reinvent itself in the business of preserving intact its values: ethics, professionalism and transparency”.

November 17, the three-year plan

Nagel also commented on other issues: on Rcs, which publishes the Corriere della Sera), of which Mediobanca has 6.2%, for Nagel the victory of Cairo “is an outcome as positive. We will work with the new property, and if there is going to propose a merger with Cairo we will evaluate, in a constructive spirit”. As to the Mps, is “large, systemic, is the third Italian bank — it was the reasoning of the ceo of Mediobanca, Jp Morgan is advisor to the institute of Siena — and the work done until now makes me be positive: it is very important for Mediobanca, and not only, give a contribution as committed as possible to the Mps”. On General was confirmed in the intention to reduce the fee (from 13,04%) of 3 percentage points, waiting for the courses to correct (yesterday, AM Best has confirmed the rating Fsr of the General, excellent). Finally, the three-year plan of Mediobanca will be presented on 17 November.

October 29, 2016 (change the October 29, 2016 | 09:51)

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The manoeuvre has been sent to the Quirinale – The Republic

the ROME - As he had assured the president of the Council Matteo Renzi, the Budget law, after the stamping of the Accountant general of the State, was sent to the Quirinal by the end of the week. You learn in the environments of the majority. The text, that the Loop anticipates, is more “dry”: from the 122 articles of the first draft circulated to the 104 items in all. Now the maneuver is to be examined by the president of the Republic, Sergio Mattarella. After his signature for transmission to the Rooms, it will be screened first at Montecitorio.

Here is a summary of the main measures:
Almost 2 billion investment fund-the development: the birth of the new fund ($ 1.9 billion in 2017) for interventions that go from the road to the hydrogeological instability of the public buildings, schools included, to the prevention of the seismic risk.

From the Voluntary Bis 1.6 billion or cut spending: confirmed receipts expected for 2017 by the emergence of capital. Change the safeguard clause: if the receipts do not arrive will be covered with spending cuts and no increases in excise duty.

By 2018 lottery receipts: from 2018 onwards, you will be able to participate in the prize draw with a receipt ‘talking’ – to the tax code of the customer – issued from the broadcaster’s Revenue for electronic data. The measure is part of those for the fight against tax evasion.

paritarie Schools: The contribution to the paritarie schools which accept pupils with disabilities, is fixed to 24.4 million euros per year. The motherly matching should be 25 million.

Race Superenalotto: early, the race of the Superenalotto, the base bid 100 million. Also confirmed the reorganization of the system of concessions in the maturity of the frequencies BONUS

Mothers and kindergartens: From the first of January 2017 are entitled to a bonus of 800 euro to the mom-to-be. And thousand euros a year are expected to pay the nursery for those born from the first of January 2016. Extension of one year for parental leave compulsory for fathers.

Sismabonus: The home bonus provided up to the end of 2016 is extended until 2021 for the seismic zones to the extent of 50%. The deduction rises to 70% in the case of the interventions to determine the passage to a class of seismic risk less, and 80% if the step is a two classes lower. Provided up to 600 million in 2017 for the reconstruction.

Ecobonus: The ecobonus is renewed throughout 2017, while for condominiums, up to 2021. For the condos is provided for a deduction to 70% for the building envelope and 75% to the costs for the common parts. Hotels, farm houses and accommodation facilities will have a tax credit of 50% for renovations

Furniture and appliances: Who is the recipient of the bonus restructuring will benefit next year also the bonus furniture and appliances to 50%. Spending limit to $ 10,000.

Super and iperammortamento: For businesses confirms the superammortamento (150%) for purchases by the end of 2017 or at the latest by September 2018 if the order is accepted by the end of the year and you have already paid at least 20%, excluding the means of transport, and the iperammortamento (250%) for the purchase of goods for the technological transformation and digital in key to Industry 4.0. Salt to a 50% tax credit for research and development (with a roof that goes from 5 to 20 million), and is extended until 2020.

Sme, from Iri to fee ‘to cash’: starting from 2017 arrives, the Iri for Smes and taxpayers in the simplified accounting will be applied to the regime ‘cash’ for the determination of income on which to pay taxes. Extended and strengthened the incentives for investment in start-ups and innovative Smes

Six months longer, for discount purchases at the auction: the registration tax for properties purchased at auction and resold within 5 years, no more than two) remains at 200 euros until June 2017

Fee of 90 euro: The Rai fee for the 2017 drops to 90 euro.

Stop increase local taxes in 2017: the freezing of The increases of the taxes and of the additional premises shall be extended for the whole of 2017. Skip the increase of the additional municipal rights of boarding planes.

Pensions Ape in the No-tax area 14/ma: Get the Bee, you can ask for a pension of at least 700 euro. The minimum duration of the advance is 6 months the maximum confirmed in 3 years and 7 months. Confirmed the increase in the no-tax area and of the fourteenth to the minimum.

Bee social, from nurses to truck drivers: the advance without cost can be claimed by unemployed people who have exhausted other shock absorbers for at least 3 months, who assists the spouses or relatives of first degree disabled people, people with disabilities, at least 74%, from 11 categories of heavy-duty jobs. In addition to teachers of kindergarten and builders, nurses and midwives will ask also tanners, conductors, crane, railway workers, lorry drivers, workers in the care of dependent persons, cleaning, ecological operators, and porters.

Octave safeguard esodati: Comes with the budget law, the eighth safeguard for other 27.700 esodati.

Slide Vat increase, but by 2018 up to 25%: No Vat increase of 10 and 22% in 2017. The rates are destined to rise from 2018 onwards (from 10% to 13% and from 22% to 25%).

the Bottom of health care 113 billion: The national health Fund sale of two billion share 113 in 2017

Productivity: Increase the tax relief for productivity bonuses. The taxation of 10% will be applied to amounts of up to 3,000 euros, a threshold that rises to 4,000 euros in the case of companies that involve jointly owned by the workers in the organization of the work.

Nace the bottom of Africa: this is an ad hoc fund to re-launch the dialogue with the african Countries. The funding is 200 million and it’s only expected for 2017.

Atlas: hypothesis fusion in the two months between Bpvi, Veneto Banca – Corriere della Sera

CREDIT INSTITUTIONS

Atlas: hypothesis fusion in two months
between Bpvi, Veneto Banca

Sent to Iorio and Carrus to prepare shared plan by the end of the year. The unions: it would be serious for employees and customers

MILAN Questio sgr, fund manager at Atlas, has sent to the board of directors of Banca Popolare di Vicenza and Veneto Banca a letter in relation to the industrial plans that will be presented by the end of the year to the Ecb, asking that they examine the hypothesis of a merger. “Under the plan is appropriate for the two banks to assess a possible scenario of the merger and identify clearly the synergies than a stand-alone”, reads the letter Quastio. Two months to develop the plan of merger. The project will work the two managing directors, Christian Carrus for Veneto banca and Francesco Iorio for the Popolare di Vicenza, together with their closest collaborators. The request of the fund, the Atlas comes to the valley of the discussions with the Ecb. Quaestio, asking to see the plans before they are forwarded to Frankfurt, it suggests the establishment of a “steering committee” composed mainly of the directors of the banks and consultants̶ 1; in order to “ensure the necessary coordination between the two banks, and between the management and the respective boards”.

“For the greater efficiency of the process we think that the plan should be prepared by management, together with consultants common to the two banks,” says Question, that asks management to report to the bod on the progress of the works “on a weekly basis given the limited time available”. In relation to the plan manager of the fund, the Atlas also suggests that “to be highlighted the extraordinary initiatives that are scheduled for 2017, aimed at re-establishing a solid foundation on which to build the industrial relaunch”. For each measure must be indicated on the “estimated impact on key capital ratios of the bank.” The plan must also contain “the details of the levers of industrial and financial measures,” which the banks intend to adopt “to ensure the sustainability of the business continuity and the ultimate return to profitability.” “We expect that the plan” containing the hyp othesis of a merger between the Banca Popolare di Vicenza and Veneto Banca “may herald a definitive break with the past and an equally definitive renewal and revival of the two institutions that you have the burden of driving”. It is how he writes Alessandro Penati, president of the Quaestio Sgr, fund manager at Atlas, to the board of directors of the two banks, in the letter with which he urged the preparation of a common plan that, in the event of a merger.

The general secretaries of the trade unions of the bank – off against the merger between Veneto Banca and Banca Popolare di Vicenza, whose “yard” was opened with the meeting. “We reiterate once again that the merger between these two institutions would create enormous difficulties between employees, because of the overlapping of the branches and the eventual summation of the two directorates-general, but also an economic loss to customers, as loans to businesses may decrease compared to the current amounts tendered,” reads a note of Fabi, First-Cisl, Uilca, Fisac-Cgil and trade Union Unity. In particular, the trade unions, if they take it, with the top management of Veneto Banca, Beniamino Anselmi and Christian Carrus, that in a meeting last October 26, “we have personally reassured” about the fact that “the merger with Popolare di Vicenza, was only one of many options on the table, and that they preferred to implement an Industrial Plan, albeit heavy, but manageable through redundancies, volunteers, and a reduction in the cost of the work.”

Maneuver: text bollinato – The Journal of Vicenza

(ANSA) – ROME, OCT 28 – Comes the text of the maneuver bollinato by the general Accounting office of the State. The text, that the LOOP is able to anticipate, is more ‘dry’ passing, with respect to the first drafts circulated, from 122 to 104 articles in all.

Y08-CN

The maneuver sent to the Quirinal: no increase in Vat, ok package pensions and with it comes the “lottery” of tickets – reuters uk

From the voluntary bis 1,6 billion or cut spending - In the final text of the Maneuver, the change of the safeguard clause in case you do not centrasse the objective of the 1.6 billion expected as the proceeds of the voluntary bis. The text of the measure submitted to the Head of State, provides that minor collections are covered with “reductions in the appropriations entered in the draft estimates of expenditure”, after ok of the Council of ministers by 31 August 2017. No longer referred to increases in excise duties. If the compensation were “prejudices” to the achievement of the objectives of public finance must be taken legislative initiatives ad-hoc by 30 September.

Cala canone Rai – Confirmed, instead, in the final text of the Maneuver, the fall of the Rai fee that the 100-euro-2016 will pass at 90 euro in 2017.

Bonus moms and the asylum – Confirmed the bonus moms (800 euro “tax-free”) and the bonus of 1.000 euros to pay for the crèche.

Confirmed the package pensions – also Confirmed is the whole package, pension, ranging from the introduction of the Ape, the advance pension, at the Bee social for the disadvantaged groups, the increase of the fourteenth to the minimum pension, the raising of the no-tax area for retirees. Also present the measures for the early and for the strenuous work, the accumulation of the different periods, the eighth safeguard for the esodati.

Fund development – a single fund to ensure the financing of investment and development of infrastructure in the Country” with a budget of 1.9 billion in 2017 (3,15 in 2018, a 3.5 in 2019 and 3 billion a year from 2020 to 2032″. The areas of expenditure, which will be allocated to the fund, ranging from roads to hydro-geological instability of the public buildings, schools included, to the prevention of the seismic risk.

Superenalotto auction – The Lotto goes to the auction. Article 73 of the Maneuver provides for the “race” and establishes the mode. The duration of the concession is renewable and the base of the rod is fixed at 100 million.

In 2017 in schools matching contribution of 24.4 million - The contribution to the paritarie schools which accept pupils with disabilities, is fixed to 24.4 million euros per year. For the nursery matching the Maneuver assigns to 2017, an additional contribution of 25 million.

Get the “lottery” of tickets - the text of The Maneuver, expected to arrive, from 2018, of the “lottery” of tickets. This will be a receipt for “talking”, like the one already issued by the pharmacies, which will contain the tax code of the customers. In the lottery you will be able to participate with the receipts issued by merchants who have opted for the electronic transmission of fees” from the Revenue Agency, for the purchase ‘commercial’, not by the business.

Increase in the Vat rate from 2018 – No increase of the existing Vat rates of 10 and 22% in 2017. However, they are intended to be increased from 2018 onwards. According to the text of the Maneuver, by 2018, a 10% Vat will rise, in fact, 13% and 22% will rise to 25%. For the latter, then there would be a further increase from 2019, is equal to 0.9%. Is instead completely abrogated the increase in excise duty.

Pensions, the Boers attacked the government: “Not so credible on the esodati. My reform cost less” – Il fatto Quotidiano

Before the criticism of the Budget law assigned to the printed paper. Then the attack in the viva voce of Turin on the question of the esodati. For the second time in a handful of hours, Tito Boeri puts you in the crosshairs of the government headed by Matteo Renzi. "It seems to me that the commitments of the government the safeguards of the esodati are not so credible. We hope that in the second stage of the confrontation with the trade unions, the next year, you can put in place a coherent strategy. Need to see if the government will have the strength to do that," said the president of the Inps during a workshop on the welfare organi zed in Turin. In particular, the economist is referring to the continuous interventions on the esodati: "We were told that the seventh would be the last, but instead, there was theeighth and I already have the tam tam of the ninth".

The first attack had come from the columns of the Corriere della Sera: the main objective of the Stability law, approved by the government two weeks ago and not yet arrived in the Parliament. "My pension reform cost less," said the president of Inps: "The manoeuvre on pensions is positive in the part in which eliminates the ricongiunzioni costly between retirement funds and different for the "flexibility in output", but you have to be "careful not to increase the burden which weighs on the future generations."

the Boers it is also said concerned by the amnesty on penalties and interest for the possible "effects on the collection of contributions. With operations of this type there is always the risk of giving the signals of lax, I would not weakened the campaign to combat tax evasion". In fact, there is already an "effect on the payouts, which are collapsed from when Italy started talking about this scrap folder".

The president Inps has then replicated to the minister Padoan that in relation to the "proposal for the flexibility of pension" claims that "implies an increase in costs". "In terms of debt retirement," he said, "our proposals for the reduced. For two reasons, first, applied the transformation coefficients, which give sustainability to our system, and any flexibility that was granted was fully within those parameters. The proposal Inps provided for an operation of partial reduction of pensions. By these operations, the debt retirement fell by about 4 percentage points of Gdp, a reduction in important".

According to estimates by the social security administration’s "what, today, is written in budget, the interventions on the fourteenth, on workers early and testing on the Ape social, increases the debt to the pension of about $ 20 billion. Then there are the costs related to the extension of the band of income is not taxed for retirees, and more tax credits for those who ask for the Bee market. And various other open issues, which can generate additional expenses". Also, "it is said that after 2018, it will be easy to stop the Bee social" and "if this tool were to be renewed even just in the current form and made it structural, we calculate that there would be other 24 billion of debt in the pension. Therefore, a total of 44 billion more".

Boer has also talked about the referendum on the constitutional reform: if a party has been said not to be able to expose personally, on the other hand has spoken of the benefits that could be with the reformulation of the second part of the Paper. "As a vote? I did as a public official. I just hope that people reflect on the content of the referendum, what there is in it." But he also added: "The new title V might give us the tools to make better social policies in Italy".

Exactly a month ago, was the Guarantor of Privacy. Today, however, it is up to the Antitrust. The marriage of data celebrated at the end of August, thanks to which Facebook has access to new information from the accounts you WhatsApp, is back in the sights of the Italian authorities. And this time, the binary of the investigation was a double, co to the Authority Guarantor of Competition and of the Market that it has initiated two proceedings of the instructors in respect of "WhatsApp Inc.", california-based company owned by the group, Facebook Inc., for “alleged violations of the Code of Consumption”.

Data from WhatsApp to Facebook, the Guarantor asks for clarity

With the first process, the Antitrust authority wants to check “if the american society has forced users of WhatsApp Messenger to fully accept the new contractual Terms, in particular the sharing of their personal data with Facebook, making them believe, with a message visible when you open the application, which would have been otherwise unable to continue in the use of the application of the same’. According to the Authorities, with headquarters in Piazza Verdi, in Rome, “the conditioning effect has, moreover, been strengthened by the prespuntatura affixed to the option “Facebook” in a screen of the second level at which the user accessed, by the main message, using the special link”. The whole system, in short, would have been created in a way to make it very difficult for the user, the denial of this combination of data.

WhatsApp change your privacy and give you our number to Facebook

But not over here. The competition Authority, in fact, has opened a second process by which to ascertain “the unfair nature of certain clauses included in the “Terms of use” WhatsApp Messenger concerning, in particular, the right of unilateral changes of the contract by the company, the right of withdrawal is determined solely for the Professional, the exclusions and limitations of liability in its favor, the unjustified interruptions of the service, the choice of jurisdiction on disputes which, today, is determined exclusively in the Courts the americans.”

The above of the Guarantor
hard Punch, in fact. And this is yet another low blow to the galaxy Facebook, call to clarify – once again – a move that a couple of months ago he surprised a bit’ all. With an update of the terms of service, in fact, the August 25, WhatsApp, communicated to its users that after 4 years it was time for a change. And that, thanks to new settings, Facebook was able to offer “best suggestions” and show the “ads more relevant”. An operation with the clear purpose of marketing that made use of the laziness of the average user, usually little inclined to enter into details of the changes to a service that still like it and it works. Something, however, went against the plans of Zuckerberg and associates. The Guarantor for Privacy before, and the Antitrust authorities have now opened investigations to shed light on this combination of data. And it is conceivable that this battle is only the beginning.

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Eni in loss of 484 million in the third quarter due to the mini-oil – Sun 24 Hours

Eni has closed the third quarter of the year with a net loss of 484 million euro and 9 months of the year with a loss of 1.39 billion. This was announced by the group in a note stating that the loss adjusted is equal to 0.48 billion in the quarter and 0.80 in the 9 months. The adjusted operating income, a decrease of 66% to 0,26 billion in the third quarter and a decline of 73% to 1.03 billion in the 9 months. The decrease, explains the note, is due to the effects of the worsening of the scenario and of the stop of the Val d’agri. Hydrocarbon production has registered a growth of 0.4% in the third quarter-to 1.71 million barrels/day and of 0.5% in the first nine months.

By 2020, the goodbye to fuel “dirty” in the navigation

If we exclude the firm in Val d’agri, of portfolio transactions and the effect on prices of petroleum contracts, according to the group, the progress is 2.2% in the quarter and 1.6% in the nine months. Confirmed guidance for the year 2016 to a level of production substantially stable compared to 2015, in spite of the firm of Val d’agri. The chief executive officer, Claudio Descalzi, in commenting on the results, said that “the strategies and goals of the group, including the disposals, are confirmed” and listing some steps forward in the upstream has assured that “it will be reinforced by the fourth quarter of cash generation”.

The first twenty Italian companies. Fca always first

The adjusted operating income for the nine months, says the note, recorded a decrease of 2.82 billion (-73%) due to deterioration of the scenario (-3,3 billion euro) and of the stop of the Val d’agri. The lower costs and the efficiency measures put in place to counteract the negative scenario have brought a benefit of 1 billion. In the third quarter in worsening the results of the R&M and Chemical (-0,16 billion, or 48%) for the effect of one scenario, refining margins, and the commodity is less favourable compared to the previous year and competitive pressure, whose effects were mitigated by the initiatives of efficiency and optimization. The G&P has reduced of 20% in operating loss compared to the third quarter of 2015, penalized by the economic effects of the make-up gas. The net financial debt at 30 September 2016 is eur 16,01 billion, with a reduction of 0.86 billion compared with 2015. This variation determines the effect of the net cash flow from operating act ivities of 4,43 billion, the closing of the transaction Saipem with net proceeds of 5.2
billion and other disposals of 0.6 billion stake in Snam for the effect of the exercise of the conversion right by the bondholders and the activities of fuel distribution in Eastern Europe). Compared to June 30, 2016, the net financial debt is an increase of 2.19 billion.

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