Cassa Depositi E Prestiti
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Cassa Depositi E Prestiti
Cassa Depositi e Prestiti S.p.A. (also kwown as CDP or CDP Group) is a prominent Italian investment bank founded on November 20, 1850, in Turin. Its main duty was to finance public works like roads and waterworks during the reign of Victor Emmanuel II of Italy, King of Sardinia-Piedmont. CDP is the major Italian institution for economic development through long-term investments at local, regional and national level and acts as the government's arm for executing public policy mandates. It is among the founders (with Caisse des Dépots, KfW and European Investment Bank) of the Long-Term Investors Club, a group that gathers 18 major financial institutions and institutional investors from all over the world mainly from G20 countries. History The institution was initially created under the name ''Cassa Piemontese'' by Act of the Parliament of the Kingdom of Sardinia No. 1097 of 18 November 1850. Its main purpose was to mobilise capital received by the State through private savings ...
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Società Per Azioni
''Società'' (Italian: ''Society'') was an Italian communist cultural magazine published in Italy between 1945 and 1961. History and profile ''Società'' was founded as a quarterly magazine in Florence in 1945. The founders were Ranuccio Bianchi Bandinelli, Cesare Luporini and Romano Bilenchi. Bandinelli also directed the magazine. In 1948 the magazine became closer to the Italian Communist Party (PCI), but was not published by the party. The headquarters was later moved to Rome, and in 1954 its frequency was switched to bimonthly. ''Società'' featured Italian fiction and poetry and occasionally included some essays on the theater and the cinema. It was one of the publications read by the Italian intellectuals, who had Gramscian Antonio Francesco Gramsci ( , , ; 22 January 1891 – 27 April 1937) was an Italian Marxist philosopher, journalist, linguist, writer, and politician. He wrote on philosophy, political theory, sociology, history, and linguistics. He was a ... ...
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Kingdom Of Sardinia-Piedmont
The Kingdom of Sardinia,The name of the state was originally Latin: , or when the kingdom was still considered to include Corsica. In Italian it is , in French , in Sardinian , and in Piedmontese . also referred to as the Kingdom of Savoy-Sardinia, Piedmont-Sardinia, or Savoy-Piedmont-Sardinia during the Savoyard period, was a state in Southern Europe from the early 14th until the mid-19th century. The Kingdom was a member of the Council of Aragon and initially consisted of the islands of Corsica and Sardinia, sovereignty over both of which was claimed by the Papacy, which granted them as a fief, the ("kingdom of Sardinia and Corsica"), to King James II of Aragon in 1297. Beginning in 1324, James and his successors conquered the island of Sardinia and established ''de facto'' their ''de jure'' authority. In 1420, after the Sardinian–Aragonese war, the last competing claim to the island was bought out. After the union of the crowns of Aragon and Castile, Sardinia became ...
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Pound Sterling
Sterling (abbreviation: stg; Other spelling styles, such as STG and Stg, are also seen. ISO code: GBP) is the currency of the United Kingdom and nine of its associated territories. The pound ( sign: £) is the main unit of sterling, and the word "pound" is also used to refer to the British currency generally, often qualified in international contexts as the British pound or the pound sterling. Sterling is the world's oldest currency that is still in use and that has been in continuous use since its inception. It is currently the fourth most-traded currency in the foreign exchange market, after the United States dollar, the euro, and the Japanese yen. Together with those three currencies and Renminbi, it forms the basket of currencies which calculate the value of IMF special drawing rights. As of mid-2021, sterling is also the fourth most-held reserve currency in global reserves. The Bank of England is the central bank for sterling, issuing its own banknotes, and ...
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Dollar
Dollar is the name of more than 20 currencies. They include the Australian dollar, Brunei dollar, Canadian dollar, Hong Kong dollar, Jamaican dollar, Liberian dollar, Namibian dollar, New Taiwan dollar, New Zealand dollar, Singapore dollar, United States dollar, Trinidad and Tobago Dollar and several others. The symbol for most of those currencies is the dollar sign $ in the same way as many countries using peso currencies. Economies that use a "dollar" Other territories that use a "dollar" * : Eastern Caribbean dollar * (Netherlands): US dollar * : US dollar (alongside the pound sterling) * : US dollar * : Eastern Caribbean dollar * (Netherlands): US dollar * (France): Canadian dollar (alongside the euro) * (Netherlands): US dollar * : US dollar Countries unofficially accepting "dollars" * Afghanistan: US dollar * Argentina: US dollar * Bolivia: US dollar * Cambodia: US dollar * Cuba: US dollar * Guatemala: US dollar * Lebanon: US dollar * Macau: Hong Kong d ...
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Crediop
Dexia Crediop S.p.A. is an Italian bank specializing in financing public infrastructure. It was part of Dexia Group, as the owner of 70% shares. Banco Popolare, Banca Popolare di Milano and Banca Popolare dell'Emilia Romagna owned 10% each as minority shareholders. History Consorzio di Credito per le Opere Pubbliche (Crediop) was found by Alberto Beneduce in 1919 as a public entity. Sanpaolo Bank The privatization was started in late 1980s. In 1989 Istituto Bancario San Paolo di Torino was the second largest owner for 35%, which was purchased from Istituto Nazionale della Previdenza Sociale and Istituto Nazionale Assicurazioni, with Cassa Depositi e Prestiti (CDP) retained 60.7%. In late 1991 Sanpaolo Group bought 50% ownership from CDP. Due to Legge Amato, In 1992 it became a società per azioni (limited company) from statutory corporation , which San Paolo Bank Holding S.p.A. (52.3%), Istituto Bancario San Paolo di Torino S.p.A. (37%) and Cassa Depositi e Prestiti S.p.A. (10.7%) ...
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Francesco Saverio Nitti
Francesco Saverio Vincenzo de Paolo Nitti (19 July 1868 – 20 February 1953) was an Italian economist and political figure. A Radical, he served as Prime Minister of Italy between 1919 and 1920. According to the ''Catholic Encyclopedia'' ("Theories of Overpopulation"), Nitti (''Population and the Social System'', 1894) was a staunch critic of English economist Thomas Robert Malthus and his Principle of Population. He was an important meridionalist and studied the origins of Southern Italian problems that arose after Italian unification. Life Born at Melfi, Basilicata, Nitti studied law in Naples and was subsequently active as journalist. He was correspondent for the ''Gazzetta piemontese'' ("Piedmontese Gazette") and was one of the editors of the ''Corriere di Napoli'' ("Courier of Naples"). In 1891, he wrote the work ''Il socialismo cattolico'' ("Catholic Socialism"). In 1898, when he was only 30 years old, he became professor of finance at the University of Naples. Nitt ...
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Government Bond
A government bond or sovereign bond is a form of bond issued by a government to support public spending. It generally includes a commitment to pay periodic interest, called coupon payments'','' and to repay the face value on the maturity date. For example, a bondholder invests $20,000, called face value or principal, into a 10-year government bond with a 10% annual coupon; the government would pay the bondholder 10% interest each year and repay the $20,000 original face value at the date of maturity (i.e. after 10 years). Government bonds can be denominated in a foreign currency or the government's domestic currency. Countries with less stable economies tend to denominate their bonds in the currency of a country with a more stable economy (i.e. a hard currency). When governments with less stable economies issue bonds, there is a possibility they will be unable to repay bondholders, resulting in a default. All bonds carry a default risk. International credit rating agencies p ...
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Quintino Sella
Quintino Sella (; 7 July 1827 – 14 March 1884) was an Italian politician, economist and mountaineer. Biography Sella was born at Sella di Mosso, in the Province of Biella. After studying engineering at Turin, he was sent in 1843 to study mineralogy at the Parisian school of mines (Mines ParisTech). In Paris he witnessed the revolution of 1848, and only returned to Turin in 1852, when he taught applied geometry at the technical institute. In 1853 he became professor of mathematics at the university, and in 1860 professor of mineralogy in the school of applied engineering. In 1860 he was elected deputy for Cossato. A two years later he was selected to be secretary-general of public instruction, and in 1862 received from Rattazzi the portfolio of finance. The Rattazzi cabinet fell before Sella could efficaciously provide for the deficit of 17,500,000 with which he was confronted; but in 1864 he returned to the ministry of finance in the La Marmora cabinet, and dealt energeti ...
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Finance Minister
A finance minister is an executive or cabinet position in charge of one or more of government finances, economic policy and financial regulation. A finance minister's portfolio has a large variety of names around the world, such as "treasury", "finance", "financial affairs", "economy" or "economic affairs". The position of the finance minister might be named for this portfolio, but it may also have some other name, like "Treasurer" or, in the United Kingdom, " Chancellor of the Exchequer". The duties of a finance minister differ between countries. Typically, they encompass one or more of government finance, fiscal policy, and financial regulation, but there are significant differences between countries: * in some countries the finance minister might also have oversight of monetary policy (while in other countries that is the responsibility of an independent central bank); * in some countries the finance minister might be assisted by one or more other ministers (some supported ...
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Rome–Cassino–Naples Railway
The Rome–Cassino–Naples railway is a railway in Italy, the first of the three existing railway lines between the capitals of Latium and Campania to be opened when it was completed by the Società per le strade ferrate romane in 1863. The line is now fully electrified at 3 kV DC. It is now mainly used by regional trains, some trains to and from the Adriatic coast and a few night trains. The Rome–Naples high-speed railway line (which was largely opened on 19 December 2005) generally follows the same route. History The first part of the line to be opened was at the southern end, built by the ''Royal Neapolitan Railway Company'' and was opened between Naples, Cancello and Caserta on 20 December 1843 and was the second line opened in the Kingdom of the Two Sicilies after the Naples–Portici line opened in 1839. It operated from a terminal at Napoli Porta Nolana, now used by the Circumvesuviana Railway. This line was extended to Capua on 26 May 1844. A branch line ...
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Florence
Florence ( ; it, Firenze ) is a city in Central Italy and the capital city of the Tuscany region. It is the most populated city in Tuscany, with 383,083 inhabitants in 2016, and over 1,520,000 in its metropolitan area.Bilancio demografico anno 2013, datISTAT/ref> Florence was a centre of medieval European trade and finance and one of the wealthiest cities of that era. It is considered by many academics to have been the birthplace of the Renaissance, becoming a major artistic, cultural, commercial, political, economic and financial center. During this time, Florence rose to a position of enormous influence in Italy, Europe, and beyond. Its turbulent political history includes periods of rule by the powerful Medici family and numerous religious and republican revolutions. From 1865 to 1871 the city served as the capital of the Kingdom of Italy (established in 1861). The Florentine dialect forms the base of Standard Italian and it became the language of culture throughout Ital ...
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Unification Of Italy
The unification of Italy ( it, Unità d'Italia ), also known as the ''Risorgimento'' (, ; ), was the 19th-century Political movement, political and social movement that resulted in the Merger (politics), consolidation of List of historic states of Italy, different states of the Italian Peninsula into a Proclamation of the Kingdom of Italy, single state in 1861, the Kingdom of Italy. Inspired by the rebellions in the 1820s and 1830s against the outcome of the Congress of Vienna, the unification process was precipitated by the Revolutions of 1848, and reached completion in 1871 after the Capture of Rome and its designation as the capital of the Kingdom of Italy. Some of the states that had been targeted for unification (''Italian irredentism, terre irredente'') did not join the Kingdom of Italy until 1918 after Italy defeated Austria-Hungary in the First World War. For this reason, historians sometimes describe the unification period as continuing past 1871, including activities ...
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