https://feeds.thelocal.com/ Read the latest news and views from Italy in English en-us news@thelocal.com (TheLocal) webmaster@thelocal.com (TheLocal) TheLocal RSS Feed Italy's number-three bank, Banca Monte dei Paschi di Siena, took a hammering on the stock market on Monday as the European Central Bank told it to slash its large bad-debt burden. https://www.thelocal.it/20160704/brexit-spooked-investors-fret-over-debt-laden-italian-banks Mon, 04 Jul 2016 16:06:03 +0200 brexit-spooked-investors-fret-over-debt-laden-italian-banks Politicians in Italy net an impressive €122 for each hour they spend debating bills in parliament, but that's still much less than they used to make. https://www.thelocal.it/20160322/italian-mps-earn-122-for-each-hour-they-spend-in-parliament Tue, 22 Mar 2016 12:30:06 +0100 italian-mps-earn-122-for-each-hour-they-spend-in-parliament The managers of the MPs bar in Palazzo Montecitorio, the seat of Italy's lower house of parliament, are asking the government to probe €20,000 in unpaid bar tabs. https://www.thelocal.it/20150811/ex-mps-leave-20k-bar-tab-at-italian-parliament Tue, 11 Aug 2015 15:50:48 +0200 ex-mps-leave-20k-bar-tab-at-italian-parliament Italy has been in the throes of an economic crisis since 2008, but that hasn’t stopped the state spending €900,000 a year on lavish first-class travel and chauffeur-driven cars for its MPs, as well as continuing to pay the travel expenses of former ones. https://www.thelocal.it/20150806/italys-mps-to-lose-lavish-travel-perks Thu, 06 Aug 2015 13:44:00 +0200 italys-mps-to-lose-lavish-travel-perks The incomes of Prime Minister Matteo Renzi and his cabinet have been published online, as part of the premier’s broader push for transparency within the Italian government. https://www.thelocal.it/20150309/italian-mps-earnings-revealed-in-transparency-bid Mon, 09 Mar 2015 11:45:14 +0100 italian-mps-earnings-revealed-in-transparency-bid The management of Banca Monte dei Paschi di Siena approved on Wednesday plans to raise up to €2.5 billion in capital, in order to shore up its finances after failing a financial health check by the European Central Bank. https://www.thelocal.it/20141106/mps-directors-approve-capital-hike Thu, 06 Nov 2014 09:19:00 +0100 mps-directors-approve-capital-hike UPDATED: Shares in Banca Monte dei Paschi di Siena were suspended for excessive losses on Monday after Italy's third biggest bank said it was considering a capital hike. https://www.thelocal.it/20141103/cash-strapped-mps-mulls-capital-increase Mon, 03 Nov 2014 09:15:00 +0100 cash-strapped-mps-mulls-capital-increase A group of Italian MPs has proposed jail terms and hefty fines for people encouraging eating disorders, an idea rejected as criminalizing mental illness by one organization. https://www.thelocal.it/20140807/jail-pro-anorexia-web-writers-mps Thu, 07 Aug 2014 14:20:00 +0200 jail-pro-anorexia-web-writers-mps Jailed Italian politicians will continue to receive their salary after a request by the Five Star Movement (M5S) to have a former Democratic Party MP’s salary frozen was rejected. https://www.thelocal.it/20140710/jailed-italians-mps-will-continue-to-get-paid Thu, 10 Jul 2014 15:21:00 +0200 jailed-italians-mps-will-continue-to-get-paid Italy's financial police searched premises in several cities Wednesday as part of a probe into an association accused of defrauding Banca Monte dei Paschi di Siena (MPS), media reports said. https://www.thelocal.it/20140305/mps-probe-prompts-searches-across-italy Wed, 05 Mar 2014 15:54:38 +0100 mps-probe-prompts-searches-across-italy A probe into a €10 million expenses scam in Sicily has revealed that dozens of MPs and their aides squandered cash on everything from designer underwear and Louis Vuitton bags to coffee capsules and comics. https://www.thelocal.it/20140117/sicilian-mps-squandered-cash-on-designer-underwear Fri, 17 Jan 2014 13:10:00 +0100 sicilian-mps-squandered-cash-on-designer-underwear Italy's troubled Banca Monte dei Paschi di Siena, the world's oldest bank, on Friday was forced to delay a tense shareholders meeting due to decide on a giant capital increase required to stave off nationalization. https://www.thelocal.it/20131227/troubled-mps-delays-call-on-capital-increase Fri, 27 Dec 2013 11:11:00 +0100 troubled-mps-delays-call-on-capital-increase A plan by robbers to dig a tunnel leading to the vault of a Monte dei Paschi di Siena bank in Naples would have been meticuolous had it not been for one thing: they dug right next to a police station. https://www.thelocal.it/20131211/robbers-in-naples-tunnel-into-mps-bank Wed, 11 Dec 2013 13:32:00 +0100 robbers-in-naples-tunnel-into-mps-bank Italian MPs are raking in the cash compared to their European counterparts. Taking home €10,400 a month, they also earn thousands more than the average Italian. But are they worth it? The Local asks Luca Verzichelli, a politics professor at the University of Siena. https://www.thelocal.it/20131031/italian-mps-twice-as-pricey-as-german-mps Thu, 31 Oct 2013 11:00:00 +0100 italian-mps-twice-as-pricey-as-german-mps Italian MPs are paid €11,703 a month and receive €4,003 in overnight expenses, far higher than many of their European counterparts, research has found. https://www.thelocal.it/20131014/italian-mps-among-highest-paid-in-europe Mon, 14 Oct 2013 14:02:00 +0200 italian-mps-among-highest-paid-in-europe An Italian TV comedy show has had that last laugh over the poor level of English of MPs in a lighthearted bid to highlight public spending - reported to be more than €400,000 - on their language lessons. https://www.thelocal.it/20131002/tv-show-has-last-laugh-over-mps-english Wed, 02 Oct 2013 16:32:00 +0200 tv-show-has-last-laugh-over-mps-english Lawmakers from Silvio Berlusconi's party threatened late on Wednesday to resign en bloc if a senate committee votes to oust the former prime minister from parliament over a tax fraud conviction. https://www.thelocal.it/20130926/berlusconi-mps-threaten-mass-exit-if-he-is-ousted Thu, 26 Sep 2013 10:12:00 +0200 berlusconi-mps-threaten-mass-exit-if-he-is-ousted