Word: stefanie
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Premier Benito Mussolini stepped on his Finance Minister's toes when he unlocked the deadlock on the Bourse occasioned by Finance Minister De Stefani's decree against speculation. This immediately led to rumors of Signor De Stefani's resignation and it was presumed certain that the Premier would have to reshuffle his Cabinet before the next Parliamentary session; for, having virtually forced General di Giorgio, Minister of War, to resign (TIME, Apr. 13), and having accepted the resignation of the Under Secretary of War, it was conceded impossible for the Premier to sustain the loss...
Minister of Finance De Stefani made a statement on the note circulation. He showed that, last December, the note circulation was 20,514,000,000 lire; while on Feb. 28, it was 19,871,000,000 lire, a decrease of 643,000,000 lire. He predicted that, by Apr. 30, the circulation would be reduced to 18,700,000,000 lire. All this, he? pointed out, increased the purchasing power of the lira...
...Bourse at Rome, the Bourse at Milan, indignantly announced that they suspend trading as a protest. The Government had issued a decree that no one might speculate in stocks or bonds without a 25% margin. Finance Minister de Stefani had become alarmed because bellboys rushed from hotels, chauffeurs left their cars, laborers left their ditches to telephone orders to the stock exchanges, in a fever of speculation...
Finance Minister Signor de Stefani recently published a few facts and figures concerning Italian finances. Since July 1, the internal debt shows a reduction of 1,175,000,000 lire* and a reduction of 25,007,000,000 lire since the Fascist! seized power. The internal debt now stands at 91,968,000,000 lire and liquid funds at disposal of the Treasury have been increased during the same period by 300,000,000 lire. For the first semester of the current fiscal year (July 1924 to June 1925), receipts have exceeded budgetary estimates by 679,000,000 lire...
...been understood, he said, that the U. S. delegation would sign the agreement (concerning division of the proceeds of the Experts' Plan) before them, and would thereby become active partners in the Experts' Plan. Premier Theunis of Belgium and Finance Ministers Clementel of France and De Stefani of Italy backed the views of Mr. Churchill. "How could the U. S. expect to collect from Germany and at the same time refuse to accept any responsibility...