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Call it karma? As Italy's PM, Draghi to face problems he helped create | Hellenic Shipping News Worldwide


Call it karma? As Italy’s PM, Draghi to face problems he helped create
If Italy’s prime minister-designate Mario Draghi gets his government off the ground, he will have to confront several thorny problems that – in previous jobs – he had a role in creating.
Draghi, a former European Central Bank chief, is feted in Italian media as a national saviour and parties who have fought each other for years now want to join forces in his coalition, but his record has shadows as well as light.
Resurrecting the Italian economy, the most chronically sluggish in the euro zone, will be his top priority, but he will also have big corporate headaches to resolve, from the plight of the world’s oldest bank to that of Italy’s main road-toll operator. ....

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FOCUS-Orcel's arrival at UniCredit shakes up match-making among Italy's banks


Orcel set to weigh alternative M&A options to MPS
Banco BPM seen as a potential target
Takeover threat could hasten merger talks with BPER
By Valentina Za, Andrea Mandala and Giuseppe Fonte
MILAN, Feb 12 (Reuters) - The arrival of star dealmaker Andrea Orcel at the helm of UniCredit risks complicating Rome’s bid to clinch a rescue deal for problem bank Monte dei Paschi di Siena.
Generous tax incentives designed to pave the way for a sale of Monte dei Paschi (MPS) are seen spurring other Italian bank mergers in 2021, and UniCredit is weighing its options after rival Intesa Sanpaolo last year secured a fifth of the market with its UBI takeover. ....

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Analysis: Call it karma? As Italy's PM, Draghi to face problems he helped create


6 Min Read
ROME (Reuters) - If Italy’s prime minister-designate Mario Draghi gets his government off the ground, he will have to confront several thorny problems that - in previous jobs - he had a role in creating.
FILE PHOTO: Former European Central Bank President Mario Draghi arrives for a meeting with Italian President Sergio Mattarella at the Quirinale Palace in Rome, Italy February 3, 2021. REUTERS/Yara Nardi/File Photo
Draghi, a former European Central Bank chief, is feted in Italian media as a national saviour and parties who have fought each other for years now want to join forces in his coalition, but his record has shadows as well as light. ....

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