Finmeccanica SpA denied paying any bribes to obtain contracts in Panama in a widening corruption probe that led to the arrest today of its former commercial director and targeted Italy’s former industry minister.
Italian Prime Minister Silvio Berlusconi lost a key ally today after Industry Minister Claudio Scajola resigned amid allegations of possible impropriety in the purchase of an apartment near Rome’s Colosseum.
Italian Industry Minister Claudio Scajola offered to step down after media reports alleging that an associate of a Rome businessman provided funds to buy his daughter’s flat, Corriere della Sera reported, citing no one.
Prime Minister Silvio Berlusconi will nominate a new industry minister next week, four months after Claudio Scajola resigned from the position after allegations of possible impropriety in the purchase of an apartment in Rome today.
Prime Minister Silvio Berlusconi will defend his government in Parliament and may seek a confidence vote after Italy’s president called on him to prove he can still govern after losing a routine legislative vote.
European business events including trade fairs in London and Milan and talks on a loan package for Greece have been diminished, delayed or canceled because of flight disruptions caused by volcanic ash from Iceland.
Chancellor Angela Merkel kept an appointment to open a trade fair in Hanover today, her first official event after a travel odyssey prompted by the volcanic ash cloud that took her on a three-day detour on her return from the U.S.