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Government plans to split lenders up into good and bad banks Italy No. Milan-based Intesa can initially tap about 5. The European Commission approved the plan. The agreement bolstered bank stocks across Europe, with Intesa leading gainers, while putting into question the effectiveness of European rules meant to ensure that private investors share the burden of bank bailouts. Pier Carlo Padoan Photographer: Intervention was needed because depositors and savers were at risk, he said. That amount is already included in the funds provided to Intesa. Intesa agreed to purchase the assets of the two banks for 1 euro, the lender said in a statement on Monday.


December 26th, St Stefano. In addition, each town will honor its patron with an additional day off. You have to wear plastic gloves to pick up food in the produce section of the grocery store or old ladies will yell at you. You bag your own groceries and pay for the bag.

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Ross Hoffman of Allmusic gave the album a positive review, [7] stating that the band “decided to take a page from the t. Hoffman praised that the album “is an improvement upon its predecessor in almost every regard, consolidating its strengths while making bold and exploratory forward leaps that verge on a wholesale stylistic reinvention. Hoffman ends the review stating that the album is the “finest teen pop releases of the year. The album dropped off the chart after eleven months, spending a total of fifty-one weeks in the top fifty.

Billboard charts on 13 September at number eleven on the Billboard Top Heatseekers chart. The single made its debut at number five and after seven weeks on the charts made its peak at number-one making it their first number-one hit [26] The song received an ARIA Music Award nomination for Highest Selling Single in but lost to Gabriella Cilmi. It was received well peaking at number two in Australia [28] and making their Billboard Hot debut in the charts peaking at number twelve.

The single reached number ten in Australia [33] and number fourteen in New Zealand. In Australia it became their fourth consecutive top ten hit from the album peaking at number seven.

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August 28, 3: The realtek manager does not decode any surround. It manages the output audio channels decoded by such items as cable box, FM dolby receiver, certain video game consoles, ATSC television tuners, windows media center if configured correctly. It can also output two channel virtual surround for stereo simulated surround.

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You taught us and our extended family how to travel. And now that I have observed Italians for a while, I see that that sensibility comes from the Italian way of life, which is so much a part of you. We provide fee-based, personalized travel planning to individuals looking for an experience far beyond the traditional tourist holiday. We are exclusively a word-of-mouth business and rarely advertise. Friends tell friends about us. A good half of our clients are repeats. We devote months of each year to meticulous research.

No other organization can offer our continually updated private archive of personalized Italy travel information. Our recommendations are selected with critical discrimination, then double and triple checked. After completing our travel planning survey and submitting the initial consultation fee, you will receive three to six pages of personalized travel suggestions, including an outline for a suggested itinerary and a detailed proposal for our comprehensive services.

We listen carefully and unhurriedly to your concerns and interests. Each custom Travel Plan is developed around your budget and your expectations. Marjorie was born in Rome and has lived for most of her life in Italy. Together, she and Marjorie have lived in Italy for over 75 years.

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They had played the South, up and down the East Coast, and into the Midwest before breaking up. Cummings, who moved to New Jersey with the plan of forming a new band, brought back Sawyer to rejoin him. They then took on future primary vocalist, New Jersey native Dennis Locorriere , at first as a bass player. Francis, who had returned south after the Chocolate Papers broke up, returned to be the new band’s keyboardist.

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In January Italy established a church loophole, exempting “non-commercial” ecclesiastical education and accommodation properties from paying a new single Italian municipal tax known as IMU. Excuse challenged In December , the Brussels-based European Commission declared the non-collection as unlawful but let Italy off the hook with its argument that recovery would be impossibly complicated because Italy’s property title registry and tax database was incomplete.

It was long battle, but in the end David won over Goliath. Appellants recognized, excuse dismissed ECJ appeal judges in Luxembourg recognized the Montessori school and Ferraci as complainants under Article of the Treaty on the Functioning of the European Union TFEU , which allows “any natural or legal person” to institute proceedings, saying this was a “first time” on admissibility. Secondly, the appeal judges said Italy’s non-recovery of its municipal tax IMU from church educational and accommodation entities was only justified after “scrupulous” and objective examination, and if “no alternative methods” existed.

The Commission had failed to establish that Italy’s municipal tax recovery was impossible, said the ECJ, and set aside the lower chamber’s judgement.

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News of the bail-in came just a week after Lisbon announced that a second bank – Banif – would need state aid after running out of cash to repay a previous cash injection from the government. As we head into the weekend, periphery banks are back in the spotlight, only this time in Italy where PM Matteo Renzi is scrambling to put the finishing touches on a plan to guarantee hundreds of billions of NPLs sitting on the books of Italian banks.

One reason the Novo Banco and Banif bail-in and bailout respectively were pushed through in what appeared to be a kind of haphazard, ad hoc fashion was because new rules came into effect on January 1 that would have put uninsured depositors on the hook for losses. That is unless Italy can devise some kind of end-around, which is precisely what Renzi is attempting to do now.

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The former Inter and Udinese manager, Andrea Stramaccioni now with Sparta Prague, upset a lot of Benevento fans when he told Czech journalists they should maybe think twice about overreacting to his team’s bad run. Your heart bled for them. Their fairytale story of back-to-back promotions was turning into a nightmare. Reaching Serie A for the first time ever was supposed to be a moment to savour.

Not leave a sour taste in the mouth. They were a symbol of hope and offered an escape from life’s problems for 90 minutes a week. Now they were a laughing stock.

Dr. Hook & the Medicine Show

Greetings to everyone from the U. I would like to welcome our participants dialing in from across Europe, and thank all of you for joining this discussion. Today we are pleased to be joined from Washington by Brian Hook, U. Special Representative Hook will discuss the reimposition of the second round of Iran sanctions. We thank you, Mr. Hook, for taking the time to speak with us today.

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Barcelona is connected to Civitavecchia and to Genoa. Some regular ferry services connect Sicily and Naples to some North African harbours. There is a hydrofoil service running from Pozzallo on the south-eastern coast of Sicily to Malta. The service between Trieste and Rovigno takes less than 2 hours which is quicker than the bus service. By train[ edit ] Trains in Italy are generally good value, frequent but of mixed reliability. There are different train types: They also are the most expensive train type by far.

To travel on these trains you are required to pay a supplement to the standard ticket, which includes the booking fee. Regional trains are the slowest, cheapest and less reliable, stopping at all stations. Intercity trains are somewhere in between high-speed and local trains. They are generally reliable, but if you need to catch a flight, for example, it might be better to pay extra for the high-speed trains. On long distance trains there are 1st and 2nd classes.

On high-speed trains you can also choose between basic, standard and flexible tickets.

Dr. Hook & the Medicine Show

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Insider’s Italy, established in , is the single most authoritative resource for discerning Italy-bound independent travelers.

This was news to me. That I had heard. While female students studying abroad here rarely complain about a scarcity of Italian men, their male counterparts lament the seeming absence of Italian women on the prowl. The possibilities are then endless, though admittedly limited both to the types of guys at bars and to the scope of their intentions. Here, on the other hand, to meet each other, an Italian girl and an Italian guy need to be properly introduced by a mutual friend or acquaintance, they need to be presentati, presented to one another.

Apparently, even a potential mate need be recommended. Once the proper introductions have been made, I imagine the possibilities are endless for them as well. This difference in customs may not seem significant, but while we foreigners complain about how hard it is to meet people in our respective countries, Italians have it that much harder. They have to wait to be introduced.

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The government will pay 5. Economy Minister Pier Carlo Padoan said the total funds “mobilized” by the state would be for up to 17 billion euros – three times more than had initially been estimated to recapitalize the banks with public money. The deal, approved by the European Commission, allows Italy to solve a banking crisis on its own terms, ensuring the two Veneto lenders are not wound down under potentially tougher European rules. The cost for taxpayers, however, is hefty.

I can’t see it,” Padoan told reporters after the government spent the weekend drafting an emergency decree to liquidate the two banks. The decree effectively means that the Veneto banks’ branches and employees will be part of Intesa Sanpaolo by Monday morning, a move designed to avoid a potential run on deposits that could have spread chaos across the whole banking industry. The decree will have to be voted into law by parliament within 60 days.

Under the plan, the banks’ soured loans, as well as legal risks stemming from a mis-selling scandal, will be moved to a bad bank, partly financed by the state. Junior bondholders and shareholders in the two banks will suffer losses, but senior bonds and depositors will be protected. Padoan said that on top of the 5. A treasury source said the government estimated that the total 12 billion euros in guarantees would translate into a fair-value exposure of just million euros for the state, but did not explain how it arrived at that figure.

It too did not explain. Banking analysts, however, said the state could ultimately be on the hook for up to 17 billion euros, even though some value could be salvaged once the soured loans were fully analysed, limiting the final bill for taxpayers.

System to rid space station of astronaut exhalations inspires Earth-based CO2 removal

We ask you to do this by linking back to our original story. HTML for this article, including the attribution and page view counter, is below: The problem is that no one has quite worked out how best to do this — yet. This ambitious strategy — to build a so-called artificial tree — would see CO2 captured to be stored in large underground reservoirs. On the space station, the zeolites empty their CO2 when exposed to the vacuum of space.

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Alberto Brignoli Benevento goalkeeper. United failed to pick up a single point in the first 12 games of the season. The run was long forgotten in Europe’s top five leagues’ hall of shame.

Everybody knows elevator rides are foreplay in Shondaland. Her client, Niles Harrington — who is every bit as obnoxious as his name suggests — is accused of having killed his business partner. The case against Harrington is specious and, after a forceful opening statement from AK, it looks like an easy path to getting him acquitted. But no such luck: One aggressive question from Annalise and Harrington goes off the rails, accusing Annalise of being the violent one and asking if the chip on her shoulder is the reason she never remarried after Sam died.

Crawford steps in to try and defuse the situation but Harrington just keeps going, accusing Annalise of becoming bitter because she works all the time. He encourages Tegan and Annalise to put on some heels and go catch a man. So, so close to Tegan and Annalise finally hooking up. That is, unless Michaela gets to Tegan first.

Michaela and Tegan sitting in a tree, k-i-s-s-i-n-g maybe? Connor posits that Laurel seduced her. Laurel jokes that maybe Michaela should try that. She basically professes her love for Tegan and pleads for the opportunity to make things right between them. Tegan is not having it, though.

Season Preview – HOOKED UP with Kylie Flavell