All the links between the Benettons and the left

From former prime minister Enrico Letta (and above all by two of his collaborators), passing through the former minister Paolo Costa, here are all the connections between the Benettons and the world of the Italian left
Of Francesco Curridori
Between the “controlled” and the “controller” there are a series of revolving doors through which former politicians move very nonchalantly from the public to the private sector, as demonstrated by the Atlantia case-Benetton.
The most famous case, Claudio Antonelli from La Verità explains in a long article, it is that of the former prime minister Enrico Letta That, after being crippled by Renzi, In the 2015 he became a professor at the Paris School of International Affairs. But not only that. Also in that year he was appointed member of the board of directors Abertis, Spanish giant intertwined with Atlantia which owns the majority of Autostrade per l'Italia. And it is precisely the Benetton company that started a takeover bid to acquire Abertis last summer, together with the German ACS. In this regard Enrico Letta, Yesterday, he replied in the newspaper edited by Maurizio Belpietro, having joined the Abertis board of directors “at the end of 2016 when this was a Spanish company, and before the hypothesis of a takeover bid on the Italian side was raised". “From Abertis – you need the former premier – I went out, voluntarily resigning, and giving public notice last May, exactly when ownership changed with the entry of Atlantia”. A choice made "precisely to avoid possible conflicts of interest with my previous functions as much as possible". Read More

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L'aiutino americano al governo populista

Image results for Steve Bannon and SalviniThe famous "markets" voted pro

Tuesday evening, Wednesday and yesterday too. The large American funds have started massive purchases of Italian government bonds. The "buy" was initially triggered by the algorithms that read the breach of the downward threshold and activated the automatic operations.
Bridgewater, Aqr, Glg e Ahl I'm in the front row, but to swell the group, after the outposts, Of Citi e Jp Morgan, they started yesterday Blackrock, Pimco, Prudential e Dodge & Cox.
All funds ready to enter phase two of purchases: wait for volatility to stabilize downwards to plunder titles at discounted prices.
Who they work for, especially investment banks such as Citi and JP Morgan, it is not known.
They are in fact primary dealers who act on behalf of third parties.
American pension funds are certainly interested in our depreciated debt, but also the English ones. The first effect of the massive American entry was to balance yields and mitigate the trend of the spread on the German bund downwards.

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