FINALLY (grazie alle Cina news) un bel rimbalzo

[Capitomba]

[FuSioNmAn]

Fuoco di paglia.

[skymap]

Per il momento sono trattative a quanto pare...


September 12, 2011 8:20 pm

Italy turns to China for help in debt crisis
By Guy Dinmore in Rome



Italy’s centre-right government is turning to cash-rich China in the hope that Beijing will help rescue it from financial crisis by making “significant” purchases of Italian bonds and investments in strategic companies.

According to Italian officials, Lou Jiwei, chairman of China Investment Corp, one of the world’s largest sovereign wealth funds, led a delegation to Rome last week for talks with Giulio Tremonti, finance minister, and Italy’s Cassa Depositi e Prestiti, a state-controlled entity that has established an Italian Strategic Fund open to foreign investors.

High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights. Italy turns to China for help in debt crisis - FT.com


Italian officials were in Beijing two weeks ago to meet CIC and China’s State Administration of Foreign Exchange (Safe), which manages the bulk of China’s $3,200bn foreign exchange reserves. Vittorio Grilli, head of treasury, met Chinese investors in Beijing in August. Italian officials said further negotiations were expected to take place soon.

The possibility of Chinese investment comes at a critical moment for Italy, as markets demand increasingly high yields to buy Italian public sector debt, projected to reach 120 per cent of GDP this year, a ratio second only to Greece in the eurozone.

Mr Tremonti has written extensively in the past about his fears of China’s “reverse colonisation” of Europe. But he has been driven to seek new alternatives as Europe prevaricates over strengthening its bail-out fund and the European Central Bank warns that its month-old bond-buying programme cannot go on indefinitely. In a reflection of Italy’s refinancing problems, the treasury on Monday sold €11.5bn of short-term notes at higher yields.

European analysts were cautious over the outcome of talks. Despite Beijing’s numerous expressions of confidence in the creditworthiness of countries such as Greece and Portugal analysts say Chinese purchases of peripheral European debt have been relatively small.

How much of Italy’s €1,900bn of debt is already held by China is unclear, though one Italian official told the FT that Beijing held about 4 per cent.

Italy’s debt crisis has forced the government to consider possible sales of strategic stakes in companies such as Enel, the Italian power utility, and Eni, the oil and gas multinational.

Cassa Depositi e Prestiti is a founding member of the informal “long-term investors club” along with similar institutions in France and Germany. In July it launched its Italian strategic fund with an investment of €4bn that it plans to expand to €7bn with participation from other sources, including foreign institutional investors.

CIC was set up in 2007 with capital of $200bn and its assets under management now total about $410bn. It says it “maintains a strict commercial orientation and is driven by purely economic and financial interests” and that it is committed to “high professional and ethical standards in corporate governance, transparency and accountability”. China’s embassy in Rome had no immediate comment.

Additional reporting by Jamil Anderlini in Beijing

[FuSioNmAn]

Bene. Adesso la cina ci terrà per le pa...
Come ha gia fatto con gli USA e sta facendo con altri paesi.
Saldi di fine stagione. Ne approfittano per comprarci a prezzi vantaggiosi e dettare regole nel prossimo futuro.

[incnero]

se non facciamo riforme strutturali serie (non buffonate) il debito non se lo comprerà nessuno---nemmeno i cinesi.
spread 406,80

[FuSioNmAn]

I debiti dovremmo semplicemente NON FARLI!

[sabotage]

Facevamo prima a vendere Lampedoosa che vendere debito e partecipazioni alla Cina, così facendo la facciamo penetrare nel sistema e iniziare la colonizzazione.

[Capitan_D]

Roma, 13 set. (TMNews) - Il Fondo sovrano cinese sarebbe interessato a eventuali investimenti industriali in Italia e non ad acquisti di titoli di Stato. Lo riferisce il sottosegretario all'Economia, Antonio Gentile, sottolineando: "Non abbiamo richiesto alcun aiuto particolare alla Cina. La domanda di titoli di Stato italiani tiene". "Con la Cina - aggiunge - nessuna operazione straordinaria sull'acquisto di titoli, ma solo incontri istituzionali in calendario da tempo per valutare opportunità di investimento in Italia, prevalentemente a carattere industriale".

mica sono fessi

[kaveatemptor]

A voi sfugge il dato grosso.
Che un singolo stato scavalcando la UE va a trattare direttamente con un paese extraeuropeo per supportare il suo debito,è il sigillo sul fallimento di questa pagliacciata chiamata Europa...soprattutto se a farlo è quello che era a livello di opinione pubblica e di elites cooptate il paese più filo europeo di tutti.


Il dato buono è che ci si inizia a smarcare dai furbastri francotedeschi,i veri attori dlla grande offensiva anti italiana in atto.