ROME :Italy's lower house of parliament voted on Thursday against a long-awaited reform of the euro zone bailout fund, throwing into doubt ratification of a European Union treaty that is designed to provide help for failing banks. The vote confirmed the deep hostility within Prime Minister Giorgia Meloni's ru
Publishing date: Apr 22, 2021 • 1 hour ago • 3 minute read •
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(Bloomberg) With about 200 billion euros ($240 billion) of European recovery funds set to pour into Italy, Prime Minister Mario Draghi has redoubled efforts to shield local companies from foreign takeovers, particularly from China.
The strategy saw Italian and French ministers coordinate to scuttle the sale of the Turin, Italy-based Iveco SpA truck and bus unit to China’s FAW Group Co. this month, according to officials who asked not to be named discussing confidential talks.
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