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Trichet-Draghi Letter
The Trichet-Draghi letter, also known as the letter of ECB to Italy, is a confidential correspondence by which, on 5 August 2011, the former and current ECB presidents Jean-Claude Trichet and Mario Draghi (outgoing Governor of the Bank of Italy) addressed to Italian government several requests in order to influence European support to drastic measures of economic rebalancing. Background Despite the approval of economical measures proposed by the Italian government (with ''Legge 30 luglio 2010, n. 122'' and with ''Legge 15 luglio 2011 n. 111''), on 4 August 2011 the spread of decennial btp-bund reached 389 points. Historical context On 5 August 2011, during dramatic crisis of European banks, the former governor of ECB, Jean Claude Trichet, together with Mario Draghi, wrote a "secret" letter to Italian government, at the time led by Silvio Berlusconi, in which they pushed for a series of economic measures "to be implemented as soon as possible". By complying of these measures, th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Central Bank
The European Central Bank (ECB) is the prime component of the monetary Eurosystem and the European System of Central Banks (ESCB) as well as one of seven institutions of the European Union. It is one of the world's Big Four (banking)#International use, most important central banks. The Governing Council of the European Central Bank, ECB Governing Council makes the projects for the monetary policy for the European Union with suggestions and recommendations and to the Eurozone with more direct applications of such policies, it also administers the foreign exchange reserves of EU member states in the Eurozone, engages in foreign exchange operations, and defines the intermediate monetary aims and objectives, and also the common interest rates for the EU. The Executive Board of the European Central Bank, ECB Executive Board makes policies and decisions of the Governing Council, and may give direction to the national central banks, especially when doing so for the Eurozone central ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Giulio Tremonti
Giulio Tremonti () (born 18 August 1947) is an Italian politician. He served in the government of Italy as Minister of Economy and Finance under Prime Minister Silvio Berlusconi from 1994 to 1995, from 2001 to 2004, from 2005 to 2006, and from 2008 to 2011. Early life Tremonti was born in Sondrio, Northern Lombardy, in a family of Venetian and Campanian ancestry (his father was from Lorenzago di Cadore, in the Province of Belluno, and his mother from Benevento). He is a full professor of law at the University of Pavia, Italy, and has been a visiting professor at the Institute of Comparative Law, Oxford. His particular fields of interest are fiscal and tributary law, as well as fiscal policies. Political career Tremonti was the man who facilitated the dialogue between billionaire entrepreneur/politician Silvio Berlusconi and Umberto Bossi, leader of the federalist Northern League and a friend of Tremonti's, leading to the formation of the center-right coalition House of Freedoms ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2011 In Italy
Events of 2011 in Italy: Incumbents *President: Giorgio Napolitano *Prime Minister: Silvio Berlusconi (until 16 November), Mario Monti (starting 16 November) Silvio Berlusconi underage prostitution charges *Italian Prime Minister Silvio Berlusconi is being investigated in relation to allegations that he paid a 17-year-old girl for sex and that he lied misused his power to have her released from police custody after she was arrested for theft. *Berlusconi resigns as Prime Minister. Murder of Meredith Kercher *Amanda Knox and Raffaele Sollecito had their murder convictions quashed and were released. Births Deaths *March 12 – Nilla Pizzi, 91, singer *September 4 – Mino Martinazzoli, 79, politician *September 13 – Walter Bonatti, 81, mountain climber and journalist *September 26 – Sergio Bonelli, 78, publisher *October 21 – Antonio Cassese, 74, jurist *October 23 – Marco Simoncelli, 24, motorcycle racer *December 25 – Giorgio Bocca, 91, essayist and journalist *De ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Giorgio Napolitano
Giorgio Napolitano (; born 29 June 1925) is an Italian politician who served as president of Italy from 2006 to 2015, the first Italian president to be re-elected to the presidency. Due to his dominant position in Italian politics, some critics have sometimes referred to him as ''Re Giorgio'' ("King Giorgio"). In office from 2006 to 2015, he is the longest-serving and longest-lived president in the history of the modern Italian Republic, which has been in existence since 1946. Napolitano was a longtime member of the Italian Communist Party and of its post-Communist social democratic successors, from the Democratic Party of the Left onwards. He was a leading member of a modernizing faction on the right of the party. First elected to the Chamber of Deputies in 1953, he took an assiduous interest in parliamentary life and was President of the Chamber of Deputies from 1992 to 1994. He was Minister of the Interior from 1996 to 1998 under Romano Prodi. Napolitano was appointed a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Conspiracy Theory
A conspiracy theory is an explanation for an event or situation that invokes a conspiracy by sinister and powerful groups, often political in motivation, when other explanations are more probable.Additional sources: * * * * The term has a negative connotation, implying that the appeal to a conspiracy is based on prejudice or insufficient evidence. A conspiracy theory is not the same as a conspiracy; instead, it refers to a hypothesized conspiracy with specific characteristics, such as an opposition to the mainstream consensus among those people (such as scientists or historians) who are qualified to evaluate its accuracy. Conspiracy theories resist falsification and are reinforced by circular reasoning: both evidence against the conspiracy and an absence of evidence for it are re-interpreted as evidence of its truth, whereby the conspiracy becomes a matter of faith rather than something that can be proven or disproven. Studies have linked belief in conspiracy theories to dis ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nicolas Sarkozy
Nicolas Paul Stéphane Sarközy de Nagy-Bocsa (; ; born 28 January 1955) is a French politician who served as President of France from 2007 to 2012. Born in Paris, he is of Hungarian, Greek Jewish, and French origin. Mayor of Neuilly-sur-Seine from 1983 to 2002, he was Minister of the Budget under Prime Minister Édouard Balladur (1993–1995) during François Mitterrand's second term. During Jacques Chirac's second presidential term he served as Minister of the Interior and as Minister of Finances. He was the leader of the Union for a Popular Movement (UMP) party from 2004 to 2007. He won the 2007 French presidential election by a 53.1% to 46.9% margin against Ségolène Royal, the Socialist Party (PS) candidate. During his term, he faced the financial crisis of 2007–2008 (causing a recession, the European sovereign debt crisis), the Russo-Georgian War (for which he negotiated a ceasefire) and the Arab Spring (especially in Tunisia, Libya, and Syria). He initiated th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Angela Merkel
Angela Dorothea Merkel (; ; born 17 July 1954) is a German former politician and scientist who served as Chancellor of Germany from 2005 to 2021. A member of the Christian Democratic Union (CDU), she previously served as Leader of the Opposition from 2002 to 2005 and as Leader of the Christian Democratic Union from 2000 to 2018. Merkel was the first female chancellor of Germany. During her tenure as Chancellor, Merkel was frequently referred to as the ''de facto'' leader of the European Union (EU), the most powerful woman in the world, and since 2016 the leader of the free world. Merkel was born in Hamburg in then-West Germany, moving to East Germany as an infant when her father, a Lutheran clergyman, received a pastorate in Perleberg. She obtained a doctorate in quantum chemistry in 1986 and worked as a research scientist until 1989. Merkel entered politics in the wake of the Revolutions of 1989, briefly serving as deputy spokeswoman for the first democratically elected Go ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Berlusconi
Silvio Berlusconi ( ; ; born 29 September 1936) is an Italian media tycoon and politician who served as Prime Minister of Italy in four governments from 1994 to 1995, 2001 to 2006 and 2008 to 2011. He was a member of the Chamber of Deputies from 1994 to 2013, and has served as a member of the Senate of the Republic since 2022, and previously from March to November 2013, and as a Member of the European Parliament (MEP) since 2019, and previously from 1999 to 2001. Berlusconi is the controlling shareholder of Mediaset and owned the Italian football club A.C. Milan from 1986 to 2017. He is nicknamed ''Il Cavaliere'' (The Knight) for his Order of Merit for Labour; he voluntarily resigned from this order in March 2014. In 2018, ''Forbes'' ranked him as the 190th richest man in the world with a net worth of US$8 billion. In 2009, ''Forbes'' ranked him 12th in the list of the World's Most Powerful People due to his domination of Italian politics throughout more than twenty year ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Euro
The euro ( symbol: €; code: EUR) is the official currency of 19 out of the member states of the European Union (EU). This group of states is known as the eurozone or, officially, the euro area, and includes about 340 million citizens . The euro is divided into 100 cents. The currency is also used officially by the institutions of the European Union, by four European microstates that are not EU members, the British Overseas Territory of Akrotiri and Dhekelia, as well as unilaterally by Montenegro and Kosovo. Outside Europe, a number of special territories of EU members also use the euro as their currency. Additionally, over 200 million people worldwide use currencies pegged to the euro. As of 2013, the euro is the second-largest reserve currency as well as the second-most traded currency in the world after the United States dollar. , with more than €1.3 trillion in circulation, the euro has one of the highest combined values of banknotes and coins in c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jean-Claude Trichet
Jean-Claude Trichet (; born 20 December 1942) is a French economist who served as President of the European Central Bank from 2003 to 2011. Previous to his assumption of the presidency he served as Governor of the Bank of France from 1993 to 2003. After stepping down from the European Central Bank, Trichet has taken speaking arrangements across France and served on the board of directors of the Bank for International Settlements. He was asked to join the non-doctrinal think tank, Bruegel, to consult on economic policy. In 2008, Trichet ranked fifth on ''Newsweeks list of the world's most powerful along with economic triumvirs Ben Bernanke (fourth) and Masaaki Shirakawa (sixth). Early life and education Trichet was born in 1942 in Lyons, the son of a professor of Greek and Latin. He was educated at the École des Mines de Nancy, from which he graduated in 1964. He later earned a master's degree in economics from the University of Paris and then trained at the Institut d'études ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Diktat
A diktat (german: label=from German, Diktat, ) is a statute, harsh penalty or settlement imposed upon a defeated party by the victor, or a dogmatic decree. The term has acquired a pejorative sense, to describe a set of rules dictated by a foreign power or an unpopular local power. The phrases "To impose its values" or "give orders" can be synonymous with giving a diktat. An example of firman or Royal Diktat was the one issued by Mughal Emperor Farrukhsiyar in 1717, exempting the British from the payment of customs duties in Bengal. Origins The term is from German, derived from the Latin past participle ''dictātum''. It arose from Dictatus Papae, which attempts to resolve the struggle of the priesthood and the Empire in the Holy Roman Empire. Historical use The term was first noted in 1922 by Wilhelm, Crown Prince of Prussia, regarding the Treaty of Versailles imposed on the defeated Germany. It was referred to as such because its terms were presented to Germany without allowing i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Silvio Berlusconi
Silvio Berlusconi ( ; ; born 29 September 1936) is an Italian media tycoon and politician who served as Prime Minister of Italy in four governments from 1994 to 1995, 2001 to 2006 and 2008 to 2011. He was a member of the Chamber of Deputies from 1994 to 2013, and has served as a member of the Senate of the Republic since 2022, and previously from March to November 2013, and as a Member of the European Parliament (MEP) since 2019, and previously from 1999 to 2001. Berlusconi is the controlling shareholder of Mediaset and owned the Italian football club A.C. Milan from 1986 to 2017. He is nicknamed ''Il Cavaliere'' (The Knight) for his Order of Merit for Labour; he voluntarily resigned from this order in March 2014. In 2018, ''Forbes'' ranked him as the 190th richest man in the world with a net worth of US$8 billion. In 2009, ''Forbes'' ranked him 12th in the list of the World's Most Powerful People due to his domination of Italian politics throughout more than twenty ye ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
