{"id":71686,"date":"2012-10-15T14:37:50","date_gmt":"2012-10-15T12:37:50","guid":{"rendered":"https:\/\/www.aspeninstitute.it\/pin\/week-october-6-12\/"},"modified":"2012-10-15T14:37:50","modified_gmt":"2012-10-15T12:37:50","slug":"week-october-6-12","status":"publish","type":"pin","link":"https:\/\/www.aspeninstitute.it\/en\/pin\/week-october-6-12\/","title":{"rendered":"The week of October 6 &#8211; 12"},"content":{"rendered":"<p><strong>Monti\u2019s realism and a reduction in income tax <\/strong>\u2013 The Italian government approved the stability pact and the day after (October 11), the foreign press turned its attention to what was called the \u201csurprise\u201d measure: the reduction of income tax rates (IRPEF) for incomes under 28 thousand euros a year. <em>Les Echos<\/em> &#8211; <a href=\"http:\/\/www.lesechos.fr\/economie-politique\/monde\/actu\/0202318587069-mario-monti-annonce-une-baisse-inattendue-des-impots-des-plus-bas-revenus-371137.php\" target=\"_blank\" rel=\"noopener\">Mario Monti annonce une baisse inattendue des imp\u00f4ts des plus bas revenus<\/a>*; <em>The Economic Times<\/em> &#8211; <a href=\"http:\/\/articles.economictimes.indiatimes.com\/2012-10-10\/news\/34363604_1_income-tax-tax-cuts-earners\" target=\"_blank\" rel=\"noopener\">Italy Prime Minister Monti announces surprise income tax cut<\/a>; <em>Wall Street Journal <\/em>&#8211; <a href=\"http:\/\/online.wsj.com\/article\/SB10000872396390444657804578048373219703496.html?KEYWORDS=Monti+unveils+surprise+tax+cut\" target=\"_blank\" rel=\"noopener\">Monti unveils surprise tax cut<\/a>; <em>The Independent<\/em> &#8211;<a href=\"http:\/\/www.independent.co.uk\/news\/world\/europe\/italian-lowpaid-workers-handed-income-tax-cut-8206049.html\" target=\"_blank\" rel=\"noopener\"> Italian low-paid workers handed income tax cut<\/a>). The measure, as the <em>Financial Times<\/em> wrote in an editorial, was a demonstration of \u201cMonti\u2019s realism\u201d (<em>Financial Times<\/em> &#8211; Monti\u2019s realism*) as well as an effort to fight the recession (<em>Publico<\/em> &#8211; Mario Monti tenta limitar recess\u00e3o com \u201cal\u00edvio moderado\u201d da carga fiscal). In addition, the income tax reduction that the Rome government announced has become a model even in Germany, where Chancellor Angela Merkel announced tax cuts to stimulate recovery (October 12,&nbsp; <em>ABC<\/em> &#8211; Merkel sigue la estela de Monti y planea bajar los impuestos; <em>Le Figaro<\/em> &#8211; <a href=\"http:\/\/www.lefigaro.fr\/conjoncture\/2012\/10\/11\/20002-20121011ARTFIG00709-monti-baisse-les-impots-merkel-en-reve.php\" target=\"_blank\" rel=\"noopener\">Merkel et Monti veulent baisser les imp\u00f4ts pour relancer la croissance<\/a>). Finally, for a complete picture of the Italian economy, international papers reported on the good results of <strong>treasury bond auctions<\/strong> which were unaffected by the downgrading of Spanish ratings (October 11 1nd 12,&nbsp; <em>China Post<\/em>, <a href=\"http:\/\/www.chinapost.com.tw\/business\/europe\/2012\/10\/12\/357427\/Italys-borrowing.htm\" target=\"_blank\" rel=\"noopener\">Italy\u2019s borrowing costs generally lower in 6-billion-euro bond sale<\/a>; <em>Valor Economico<\/em> &#8211; <a href=\"http:\/\/www.valor.com.br\/financas\/2864048\/italia-oferece-juro-menor-em-venda-de-titulos-da-divida\" target=\"_blank\" rel=\"noopener\">It\u00e1lia oferece juro menor em venda de t\u00edtulos da d\u00edvida<\/a>*; <em>Handelsblatt<\/em> &#8211; <a href=\"http:\/\/www.handelsblatt.com\/finanzen\/boerse-maerkte\/anleihen\/italien-anleihen-das-war-eine-sehr-starke-auktion\/7241636.html\">\u201eDas war eine sehr starke Auktion\u201c <\/a>)<\/p>\n<p><strong>Economy, fashion and important people<em> <\/em><\/strong>\u2013 Together with the tradition attention to economic policy, the foreign press reported on other news about the presence of Italian businesses, brands and political figures in the world. <em>Les Echos <\/em>and <em>La Tribune<\/em> announced <strong>Eni<\/strong>\u2019s plans for growth in the France\u2019s retail gas market (October 8, <em>Les Echos<\/em> &#8211; <a href=\"http:\/\/www.lesechos.fr\/entreprises-secteurs\/energie-environnement\/actu\/0202315344785-le-petrolier-italien-eni-relance-son-offre-de-gaz-naturel-pour-les-particuliers-en-france-370776.php\" target=\"_blank\" rel=\"noopener\">Le p\u00e9trolier italien ENI relance son offre de gaz naturel pour les particuliers en France<\/a>*;&nbsp; <em>La Tribune<\/em> &#8211; <a href=\"http:\/\/www.latribune.fr\/entreprises-finance\/industrie\/energie-environnement\/20121008trib000723488\/altergaz-se-rebaptise-eni-pour-mieux-conquerir-les-particuliers.html\" target=\"_blank\" rel=\"noopener\">Altergaz se rebaptise ENI pour mieux conqu\u00e9rir les particuliers<\/a>), while <em>Brasil Economico<\/em> ran an article on fashion and the rebirth of teh <strong>Schiaparelli<\/strong> brand thanks to the work of Diego Della Valle (October 9 &#8211; Grife Schiaparelli, rival de Chanel, ressurge em Paris*). Finally, there was interest in the new job of <strong>Romano Prodi<\/strong>: the former head of the European Commission was also appointed as an emissary of the United Nations in the difficult area of Sahel (October 10,&nbsp; <em>Les Echos<\/em> &#8211; <a href=\"http:\/\/www.lesechos.fr\/economie-politique\/monde\/actu\/0202316382149-romano-prodi-nomme-emissaire-de-l-onu-pour-le-sahel-370687.php\" target=\"_blank\" rel=\"noopener\">Romano Prodi nomm\u00e9 \u00e9missaire de L\u2019ONU pour le Sahel<\/a>*; <em>Le Figaro<\/em> &#8211;<a href=\"http:\/\/www.lefigaro.fr\/mon-figaro\/2012\/10\/07\/10001-20121007ARTFIG00155-romano-prodi-charge-de-mission-au-sahel-par-l-onu.php\"> <\/a><a href=\"http:\/\/www.lefigaro.fr\/mon-figaro\/2012\/10\/07\/10001-20121007ARTFIG00155-romano-prodi-charge-de-mission-au-sahel-par-l-onu.php\" target=\"_blank\" rel=\"noopener\">Romano Prodi charg\u00e9 de mission au Sahel par l\u2019ONU<\/a>).<\/p>\n<p>&nbsp;<\/p>\n<p>* marked articles viewable online upon payment or registration<\/p>\n","protected":false},"excerpt":{"rendered":"<p><strong>Monti\u2019s realism and a reduction in income tax <\/strong>\u2013 The Italian government approved the stability pact and the day after (October 11), the foreign press turned its attention to what was called the \u201csurprise\u201d measure: the reduction of income tax rates (IRPEF) for incomes under 28 thousand euros a year.<\/p>\n","protected":false},"author":2357,"featured_media":0,"template":"","meta":{"_acf_changed":false,"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","neve_meta_reading_time":"","_themeisle_gutenberg_block_has_review":false,"footnotes":""},"freetags":[],"tipologiapin":[2375],"tag_tecnica":[],"temi_aspen":[],"attivita_internaz_in_essere":[],"attivita_internaz_concluse":[],"studi_e_ricerche":[],"class_list":["post-71686","pin","type-pin","status-publish","hentry","tipologiapin-foreign-press-italys-success-stories"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.aspeninstitute.it\/en\/wp-json\/wp\/v2\/pin\/71686","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.aspeninstitute.it\/en\/wp-json\/wp\/v2\/pin"}],"about":[{"href":"https:\/\/www.aspeninstitute.it\/en\/wp-json\/wp\/v2\/types\/pin"}],"author":[{"embeddable":true,"href":"https:\/\/www.aspeninstitute.it\/en\/wp-json\/wp\/v2\/users\/2357"}],"version-history":[{"count":0,"href":"https:\/\/www.aspeninstitute.it\/en\/wp-json\/wp\/v2\/pin\/71686\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.aspeninstitute.it\/en\/wp-json\/wp\/v2\/media?parent=71686"}],"wp:term":[{"taxonomy":"freetags","embeddable":true,"href":"https:\/\/www.aspeninstitute.it\/en\/wp-json\/wp\/v2\/freetags?post=71686"},{"taxonomy":"tipologiapin","embeddable":true,"href":"https:\/\/www.aspeninstitute.it\/en\/wp-json\/wp\/v2\/tipologiapin?post=71686"},{"taxonomy":"tag_tecnica","embeddable":true,"href":"https:\/\/www.aspeninstitute.it\/en\/wp-json\/wp\/v2\/tag_tecnica?post=71686"},{"taxonomy":"temi_aspen","embeddable":true,"href":"https:\/\/www.aspeninstitute.it\/en\/wp-json\/wp\/v2\/temi_aspen?post=71686"},{"taxonomy":"attivita_internaz_in_essere","embeddable":true,"href":"https:\/\/www.aspeninstitute.it\/en\/wp-json\/wp\/v2\/attivita_internaz_in_essere?post=71686"},{"taxonomy":"attivita_internaz_concluse","embeddable":true,"href":"https:\/\/www.aspeninstitute.it\/en\/wp-json\/wp\/v2\/attivita_internaz_concluse?post=71686"},{"taxonomy":"studi_e_ricerche","embeddable":true,"href":"https:\/\/www.aspeninstitute.it\/en\/wp-json\/wp\/v2\/studi_e_ricerche?post=71686"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}