President Giorgio Napolitano, a former communist resistance fighter who negotiated Silvio Berlusconi’s resignation, is preparing his final political battle as he seeks to steer Italy out of its latest government crisis before his term expires in May.
Former Italian Prime Minister Silvio Berlusconi is under investigation in Naples on suspicion of corruption tied to Senator Sergio De Gregorio, who switched parties to join the billionaire’s supporters in parliament.
Chile’s central bank is reviewing its dollar-purchase program after the peso slumped, bank President Jose De Gregorio said yesterday, less than a month after stating that policy makers had no plans to change the program’s time line. The peso strengthened today.
Chilean banks charge inexplicably high rates for consumer loans while offering cheap financing for companies, central bank President Jose De Gregorio told a gathering of bankers today, according to a copy of his speech published on the central bank website.
The Chilean central bank’s rate policy decision on Aug. 18 will be influenced by the deterioration in the global economic climate, La Tercera reported, citing comments by the bank’s President Jose De Gregorio.