Giulio Tremonti

Italian minister calls for co-op to combat financial crisis

People Daily (Free subscription) | 25/11/2008

Italian Economy Minister Giulio Tremonti on Monday called for cooperation to help overcome the current economic and financial crisis. Speaking at a business conference in northern city Milan, Tremonti made an appeal "to all free and strong men to cooperate in the interest of the nation without prejudice or preconceptions." After recalling that he had foreseen the crisis well ahead of time, the minister...

Pope Had `Prophecy' of Market Collapse in 1985, Tremonti Says

As in the days of Noah (Free subscription) | 21/11/2008

Pope Benedict XVI was the first to predict the crisis in the global financial system, a"prophecy'' dating to a paper he wrote when he was a cardinal, Italian Finance Minister Giulio Tremonti said ."The prediction that an undisciplined economy would collapse by its own rules can be found'' in an article written by Cardinal Joseph Ratzinger , who became pope in April 2005, Tremonti said yesterday at...

• Ethical decline = Market collapse - Roman Catholic Blog
• Gateway Pundit Joins The Revolution - Sadly, No!
• See the 8 articles on the same subject

The Pope's Economic 'Prophecy'

Acton Institute PowerBlog (Free subscription) | 21/11/2008

Linked yesterday on the Drudge Report and picked up by news outlets all over the world is a brief Bloomberg report on a statement from the Italian Finance Minister Giulio Tremonti. Tremonti attributed to Pope Benedict XVI a “prophecy” dating from over twenty years ago concerning the current global financial meltdown. Again, the story is quite brief, and here’s the gist: “The prediction that an undisciplined...

Pope had prophecy of crisis

Business Report (Free subscription) | 20/11/2008

Pope Benedict XVI was the first to predict the global financial crisis in a "prophecy" contained in a paper he had written when he was a cardinal, according to Italian finance minister Giulio Tremonti.

Pope Is Prophet

The J-Walk Blog (Free subscription) | 20/11/2008

A pope and a psychic: Pope Had 'Prophecy' of Market Collapse in 1985 . Pope Benedict XVI was the first to predict the crisis in the global financial system, a "prophecy'' dating to a paper he wrote when he was a cardinal, Italian Finance Minister Giulio Tremonti said. "The prediction that an undisciplined economy would collapse by its own rules can be found'' in an article written by Cardinal Joseph...

Bank of Italy mulls buyback of shares -paper

Market Watch (Free subscription) | 02/11/2008

ROME (MarketWatch) -- The head of the Bank of Italy, Mario Draghi, and Italian Finance Minister Giulio Tremonti are mulling a plan to boost Italy's banks by buying back Bank of Italy shares, daily newspaper il Sole 24 Ore said Sunday without citing sources.

Italy: Italy takes steps to combat crisis

i On Global Trends (Free subscription) | 14/10/2008

Italy has adopted a series of measures to combat the global financial crisis which were hammered out by the leaders of the 15 eurozone countries at the weekend, according to Italian News Agency ANSA. The measures were contained in a decree which Economy Minister Giulio Tremonti said was a "seamless" follow-up to one issued last week based on an accord struck between the 27 European Union

Italy proposes broadening G7

Reuters UK (Free subscription) | 11/10/2008

WASHINGTON (Reuters) - Italy will propose broadening the Group of Seven nations and giving new and different tasks to the International Monetary Fund and World Bank, Italian Economy Minister Giulio Tremonti said on Saturday.

• Italy proposes broadening G7, changing IMF - Reuters
• Italy proposes broadening G7, changing IMF - Boston Globe

Tremonti Says G-7 Draft Statement `Too Weak,' Italy Won't Sign

World Economy & Development (Free subscription) | 10/10/2008

By Flavia Krause-Jackson Oct. 10 (Bloomberg) -- Italy is refusing to endorse the current draft statement drawn up by economic officials from the Group of Seven nations because it is too soft, Finance Minister Giulio Tremonti said. ``The current draft is too weak,'' Tremonti told reporters in Washington before the talks began. ``We won't sign it.'' One official from a G-7 member earlier said the group...

Italian minister pledges protective measures

People Daily (Free subscription) | 10/10/2008

Italy became the third European country in two days to offer funds to struggling banks, reiterating a pledge to prevent any lender from failing and sending Italian financial shares higher. Finance Minister Giulio Tremonti told lawmakers in Parliament yesterday the state would step in only if needed and that Italian banks remain solid. Tremonti would not say how much the government will make available...

Economy minister says Italian banks sound

People Daily (Free subscription) | 10/10/2008

Italian banks have not engaged in creative financing or other risky financial operations and thus are more sound that those in other western countries, Italian Economy Minister Giulio Tremonti said on Thursday. In an appearance before parliament to illustrate the actions the government has taken to offset the repercussions in Italy of the global credit crisis, the minister added that the conservative...

• Italian banks sound, Tremonti says - Ansa
• Silvio Berlusconi says no Italian bank will fail - The Telegraph
• See the 5 articles on the same subject

Italy rules out bank failure as plan boosts shares

Reuters UK (Free subscription) | 09/10/2008

ROME, Oct 9 (Reuters) - Economy Minister Giulio Tremonti on Thursday ruled out the possibility that any Italian bank would fail, as shares in banks and insurers were boosted by a crisis package offering them access to public cash.

The Italian Government Provides Support To Italy's Banks

Italian Economy Watch (Free subscription) | 09/10/2008

Italy has committed itself to guarantee bank deposits and provide sufficient funds to stop any lender in the country from failing, according to a statement from Finance Minister Giulio Tremonti. Italy's ``banking interventions will be on a case-by- case basis,'' according to the statement Tremonti made in the Italian parliament today. ``That's why we didn't give any numbers for the amount of possible...

• Italy set to follow Britain in bank-bail out - The Earth Times Online Newspaper
• Italian banking system is robust, says Economy Minister Tremonti - The Earth Times Online Newspaper

Is the American Way of Life Still Non-Negotiable?

西儒 ─ The Western Confucian (Free subscription) | 20/09/2008

"The system is collapsing, exactly like the Albanian pyramids collapsed," says Italian finance minister Giulio Tremonti, quited here — Europeans on left and right ridicule U.S. money meltdown . Chris Cook, former director of the International Petroleum Exchange, on what's next — Oil market collapse waiting to happen . "The market meltdown calls for a return of character, a return of thrift," says Brian...

Tremonti upbeat about Italian economy

Financial Time (Free subscription) | 11/09/2008

Giulio Tremonti, finance minister, says Italy's financial sector is healthier than several of its EU competitors, and its downturn less steep than elsewhere in the region