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Italy to cut growth forecasts - economy minister tells paper
MILAN, Sept 10 (Reuters) -
* The Italian government will revise down its forecasts for growth and inflation when it presents a new macroeconomic scenario for its budget law, Economy Minister Pier Carlo Padoan told newspaper Il Messaggero on Saturday.
* The government forecasts full year growth of 1.2 percent this year, but most analysts expect a rise of below 1 percent in the gross domestic product after the economy showed no expansion in the second quarter.
* Talking about troubled bank Monte dei Paschi di Siena , whose CEO abruptly stepped down on Thursday, Padoan declined to say whether the bank would put back a badly-needed capital increase to next year.
* "It is up to the bank's management to decide the right window of opportunity," for the capital increase, Padoan told the paper.
* When asked about a possible delay in a further privatisation of the Italian post office to 2017, Padoan said it was up to Poste Italiane decide the timing of a planned share sale.
http://www.reuters.com/article/italy-growth-economyminister-idUSL8N1BM05S
MILAN, Sept 10 (Reuters) -
* The Italian government will revise down its forecasts for growth and inflation when it presents a new macroeconomic scenario for its budget law, Economy Minister Pier Carlo Padoan told newspaper Il Messaggero on Saturday.
* The government forecasts full year growth of 1.2 percent this year, but most analysts expect a rise of below 1 percent in the gross domestic product after the economy showed no expansion in the second quarter.
* Talking about troubled bank Monte dei Paschi di Siena , whose CEO abruptly stepped down on Thursday, Padoan declined to say whether the bank would put back a badly-needed capital increase to next year.
* "It is up to the bank's management to decide the right window of opportunity," for the capital increase, Padoan told the paper.
* When asked about a possible delay in a further privatisation of the Italian post office to 2017, Padoan said it was up to Poste Italiane decide the timing of a planned share sale.
http://www.reuters.com/article/italy-growth-economyminister-idUSL8N1BM05S
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