Word: italianizing
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...DALMATIAN COAST This year skip the French and Italian Riviera and head for Croatia's Dalmatian Coast, where mountains meet the shimmering Adriatic Sea. The region is still relatively undiscovered, which means unspoiled beaches and affordable prices even in the medieval walled city of Dubrovnik...
...cover story reported how Chinese manufacturers are crafting sophisticated products that allow China to compete in markets historically dominated by European - and especially Italian - firms. Some readers blamed Europe's decline on its economic inefficiencies. Others criticized Asia's unfair labor practices The article "Twilight In Italy," on the ferocious competition that Italian manufacturers are facing from Chinese firms, hit the nail on the head [Dec. 5]. Italy is going to resemble China before it achieved economic success. In order to compete, Italians will have to give up the buying power and social security they are used to. Italy...
...giant in France worth at least $7 billion. That's modest compared with the year's biggest deals: the $28 billion acquisition last June by Telecom Italia of the 44% stake in mobile phone company Telecom Italia Mobile it didn't already own, and the $22 billion purchase by Italian bank UniCredito of Germany's Bayerische HypoVereinsbank. Other major deals included Pernod Ricard's acquisition of British drinks firm Allied Domecq, and a continuing three-way fight for control of that bastion of shareholder capitalism, the London Stock Exchange. According to Morgan Stanley, the number of deals last year with...
...perceived as national champions. The French government kicked up a fuss about rumors that the food company Danone might be the target of a U.S. bid, and even published a list of industries it deemed to be in the strategic national interest. And in Rome, former governor of the Italian central bank Antonio Fazio tried to squash two bids by foreign banks for Italian ones. But his efforts quickly turned to a scandal after the publication of taped phone calls. Fazio finally quit just before Christmas - and one of the foreign bids, by Dutch bank ABN AMRO for Banca Antonveneta...
...moment his name was announced - the respected No. 2 man at Goldman Sachs instantly restored credibility to Italy's besmirched financial system. After a six-month drama of piled-up ethical questions and judicial inquiries, longtime central banker Antonio Fazio finally stepped down last month. While several key private Italian bankers are being investigated in probes of two bank takeovers that Fazio green-lighted, Fazio denies any wrongdoing. (Last week, three more financial executives resigned, and the banker closest to Fazio, Gianpiero Fiorani, was interrogated in the Milan prison where he awaits trial on corruption charges. He has previously denied...