Category: Italy

  • Astaldi Seeks $3.5 Billion in Loans for Turkish Bridge Project

    Astaldi Seeks $3.5 Billion in Loans for Turkish Bridge Project

    By Louise Meeson and Ercan Ersoy

    Dec. 7 (Bloomberg) — An Astaldi SpA-led group building the world’s second-longest suspension bridge in Turkey is seeking $3.5 billion of loans, according to the Italian builder.

    Astaldi, Japan’s Itochu Corp. and IHI Corp. and five Turkish contractors are seeking the first slice of a loan to finance the $6 billion project which includes a highway linking Istanbul to Izmir and a crossing over Turkey’s Izmit Bay.

    The consortium may seek more funds later, a spokeswoman for the Rome-based builder said.

    The 420-kilometer (260-mile) Gebze-Izmir Highway and 3 kilometer (1.8 mile) suspension bridge is designed to cut travel time between Istanbul and Izmir by more than half to about three hours and boost trade with adjacent regions.

    Izmit Bridge’s length is surpassed only by Japan’s Akashi- Kaikyo Bridge, according to Turkey’s state-run Anatolia news agency.

    –With assistance from Ali Berat Meric and Emre Peker in Ankara. Editors: Cecile Gutscher, Andrew Reierson

    To contact the reporter on this story: Louise Meeson in London on lmeeson@bloomberg.net and Ercan Ersoy in Istanbul at eersoy@bloomberg.net

    To contact the editor responsible for this story: Faris Khan at Fkhan33@bloomberg.net

    via Astaldi Seeks $3.5 Billion in Loans for Turkish Bridge Project – Businessweek.

  • Atlantia Is Considering Bid for Turkey Highways, Messaggero Says

    Atlantia Is Considering Bid for Turkey Highways, Messaggero Says

    Atlantia SpA (ATL) is considering making a bid for Turkish highways, Il Messaggero reported, without saying where it got the information.

    The board yesterday examined terms for participation in the privatization process with the Dogus group, the newspaper said.

    The Koc family may also participate, Il Messaggero reported, adding that UniCredit SpA (UCG) and Deutsche Bank AG (DBK) obtained advisory mandates for the privatization.

    The board also considered the possible sale of a stake in Costanera Norte to a fund as an alternative to listing the Chilean holding company Atlantia controls with Gavio Group and Mediobanca SpA (MB), the newspaper said.

    To contact the reporter on this story: Francesca Cinelli in Milan at fcinelli@bloomberg.net.

    To contact the editor responsible for this story: James Ludden at jludden@bloomberg.net

    via Atlantia Is Considering Bid for Turkey Highways, Messaggero Says – Bloomberg.

  • Turkey – EU Relations

    Turkey – EU Relations

    Italian Senate’s vice-president said on Tuesday that Italy was aware of Turkey’s patience towards European Union (EU) membership.

    Emma Bonino said EU expected more democratization, transparency and respect to human rights from Turkey.

    “We are aware that Turkey is losing its patience, and it is based on rightful reasons,” Banino said during “Fenomeno Turchia: Development of Society” conference in Milan, Italy.

    Bonino said the EU had to admit the Greek Cypriots as a member, but at the same time it promised Turkey that it would boost its relations with the Turkish Republic of Northern Cyprus (TRNC) however it had not done anything so far.

    Emma Bonino said she thought that the Greek Cypriot administration was hampering Turkey-EU relations by saying ‘no’ to everything, however some countries were hiding themselves behind the Greek Cypriot administration and were saying ‘no’ to Turkey.

    “Therefore, we cannot be said to be a fair partner for Turkey that keeps its promises,” Bonino said.

    Bonino said Turkey did not have the luxury to behave on its own, and gave the message that Turkey did not have any alternative than the EU.

    Source: TurkishNY

    URL: www.turkishny.com/english-news/5-english-news/68453-qitaly-was-aware-of-turkeys-patience-towards-euq

    via Turkey – EU Relations.

  • Euro bail-out in doubt as ‘hysteria’ sweeps Germany

    Euro bail-out in doubt as ‘hysteria’ sweeps Germany

    German Chancellor Angela Merkel no longer has enough coalition votes in the Bundestag to secure backing for Europe’s revamped rescue machinery, threatening a consitutional crisis in Germany and a fresh eruption of the euro debt saga.

    merkel sarko
    Seething discontent in Germany over Europe's debt crisis has spread to all the key institutions. Photo: AP

    By Ambrose Evans-Pritchard

    Mrs Merkel has cancelled a high-profile trip to Russia on September 7, the crucial day when the package goes to the Bundestag and the country’s constitutional court rules on the legality of the EU’s bail-out machinery.

    If the court rules that the €440bn rescue fund (EFSF) breaches Treaty law or undermines German fiscal sovereignty, it risks setting off an instant brushfire across monetary union.

    The seething discontent in Germany over Europe’s debt crisis has spread to all the key institutions of the state. “Hysteria is sweeping Germany ” said Klaus Regling, the EFSF’s director.

    German media reported that the latest tally of votes in the Bundestag shows that 23 members from Mrs Merkel’s own coalition plan to vote against the package, including twelve of the 44 members of Bavaria’s Social Christians (CSU). This may force the Chancellor to rely on opposition votes, risking a government collapse.

    Christian Wulff, Germany’s president, stunned the country last week by accusing the European Central Bank of going “far beyond its mandate” with mass purchases of Spanish and Italian debt, and warning that the Europe’s headlong rush towards fiscal union stikes at the “very core” of democracy. “Decisions have to be made in parliament in a liberal democracy. That is where legitimacy lies,” he said.

    A day earlier the Bundesbank had fired its own volley, condemning the ECB’s bond purchases and warning the EU is drifting towards debt union without “democratic legitimacy” or treaty backing.

    Joahannes Singhammer, leader of the CSU’s Bundestag group, accused the ECB of acting “dangerously” by jumping the gun before parliaments had voted. The ECB is implicitly acting on behalf of the rescue fund until it is ratified.

    A CSU document to be released on Monday flatly rebuts the latest accord between Chancellor Merkel and French president Nicholas Sarkozy, saying plans for an “economic government for eurozone states” are unacceptable. It demands treaty changes to let EMU states go bankrupt, and to eject them from the euro altogether for serial abuses.

    “An unlimited transfer union and pooling of debts for any length of time would imply a shared financial government and decisively change the character of a European confederation of states,” said the draft, obtained by Der Spiegel.

    Mrs Merkel faces mutiny even within her own Christian Democrat (CDU) family. Wolfgang Bossbach, the spokesman for internal affairs, said he would oppose the package. “I can’t vote against my own conviction,” he said.

    The Bundestag is expected to decide late next month on the package, which empowers the EFSF to buy bonds pre-emptively and recapitalize banks. While the bill is likely to pass, the furious debate leaves no doubt that Germany will resist moves to boost the EFSF’s firepower yet further. Most City banks say the fund needs €2 trillion to stop the crisis engulfing Spain and Italy.

    Mrs Merkel’s aides say she is facing “war on every front”. The next month will decide her future, Germany’s destiny, and the fate of monetary union.

    www.telegraph.co.uk, 28 Aug 2011

  • The enigma of Italy’s ancient Etruscans is finally unravelled

    The enigma of Italy’s ancient Etruscans is finally unravelled

    The enigma of Italy’s ancient Etruscans is finally unravelled

    DNA tests on their Italian descendants show the ‘tuscii’ came from Turkey

    John Hooper in Rome 

     

    Etruscans
    Ancient wonders … The Etruscans created great works of art including the Bride and Bridegroom, or the Married Couple. Photograph: Gianni Dagli Orti/Corbis

    They gave us the word “person” and invented a symbol of iron rule later adopted by the fascists. Some even argue it was they who really moulded Roman civilisation.Yet the Etruscans, whose descendants today live in central Italy, have long been among the great enigmas of antiquity. Their language, which has never properly been deciphered, was unlike any other in classical Italy. Their origins have been hotly debated by scholars for centuries.

    Genetic research made public at the weekend appears to put the matter beyond doubt, however. It shows the Etruscans came from the area which is now Turkey and that the nearest genetic relatives of many of today’s Tuscans and Umbrians are to be found, not in Italy, but around Izmir.

    The European Human Genetic Conference in Nice was told on Saturday the results of a study carried out in three parts of Tuscany: the Casentino valley, and two towns, Volterra and Murlo, where important finds have been made of Etruscan remains. In each area, researchers took DNA samples from men with surnames unique to the district and whose families had lived there for at least three generations.

    They then compared their Y chromosomes, which are passed from father to son, with those of other groups in Italy, the Balkans, modern-day Turkey and the Greek island of Lemnos, which linguistic evidence suggests could have links to the Etruscans.

    “The DNA samples from Murlo and Volterra are much more highly correlated to those of the eastern peoples than to those of the other inhabitants of [Italy],” said Alberto Piazza of the University of Turin, who presented the research. “One particular genetic variant, found in the samples from Murlo, was shared only with people from Turkey.”

    This year, a similar but less conclusive study that tracked the DNA passed down from mothers to daughters, pointed to a direct genetic input from western Asia. In 2004, a team of researchers from Italy and Spain used samples taken from Etruscan burial chambers to establish that the Etruscans were more genetically akin to each other than to contemporary Italians.

    The latest findings confirm what was said about the matter almost 2,500 years ago, by the Greek historian Herodotus. The first traces of Etruscan civilisation in Italy date from about 1200 BC.

    About seven and a half centuries later, Herodotus wrote that after the Lydians had undergone a period of severe deprivation in western Anatolia, “their king divided the people into two groups, and made them draw lots, so that the one group should remain and the other leave the country; he himself was to be the head of those who drew the lot to remain there, and his son, whose name was Tyrrhenus, of those who departed”.

    It was a Roman who muddied the waters. The historian Livy, writing in the first century BC, claimed the Etruscans were from northern Europe. A few years later, Dionysius of Halicarnassus, a Greek writer living in Rome, came up with the theory that the Etruscans were, on the contrary, indigenous Italians who had always lived in Etruria.

    The Lydian empire had by then long since passed into history. Its inhabitants were said by Herodotus to have been the first people to make use of gold and silver coins and the first to establish shops, rather stalls, from which to trade goods. They gave the world the saying “as rich as Croesus” – Croesus was their last king.

    Herodotus’s story about the drawing of the lots may or may not be true, but the genetic research indicates that some Lydians did, as he wrote, leave their native land and travel, probably via Lemnos, to Italy.

    There, they were called “tuscii” in Latin. The obvious explanation for this has always been their fondness for building tower-like, walled, hilltop towns like those still to be seen scattered across Umbria and Tuscany.

    But the latest conclusions may add weight to a rival, apparently more fanciful, theory that links their name to Troy, the “city of towers” and a part of the Lydian empire. The most likely date for the fall of Troy, as described by Homer, is between 1250 and 1200 BC.

    The Etruscans’ contribution to Roman civilisation is still debated. They provided Rome with some of its early kings, and maybe even its name.

    The “fasces”, the bundle of whipping rods around a double-bladed axe that became an emblem of authority for the Romans, was almost certainly of Etruscan origin.

    However, not many words in Latin are thought to derive from Etruscan. An exception is “persona” from “phersu”.

    The Etruscans unquestionably created glorious art. Among their most celebrated works is the so-called Sarcophagus of the Bride and Bridegroom (or Married Couple), which is in a Rome museum. It shows two people with slightly tip-tilted noses and pixie-like features.

    It is known the Etruscans tried to predict the future by reading the patterns of lightning. It is thought that they introduced the chariot to Italy. They almost certainly ate good meat. Tuscany is famed for its beef, particularly that from the Chiana valley, which has been celebrated since classical times.

    Another recent genetic study, of “chianina” and three other Tuscan cattle strains, found they were unrelated to Italian breeds. Yet matches were found in Turkey and the Balkans, along the supposed route of some of ancient Italy’s most enigmatic immigrants.

    Timeline

    1200BC First traces of Etruscan civilisation

    700BC Etruscans borrow alphabetic writing from Greeks, and become first people in Italy to write

    616-579BC Rome ruled by its first, legendary Etruscan king, Lucius Tarquinius Priscus

    550BC Etruscan power at zenith. Three confederations hold Po valley and coast south of Rome, heartland of southern Tuscany, and western Umbria. Allied with Carthaginians, Etruscans trade across the Mediterranean

    535BC At Alalia, off Corsica, fleet of Carthaginians and Etruscans defeat Greek fleet. But Carthaginians, not Etruscans, assert control over seas

    510BC Last Etruscan king, Lucius Tarquinius Superbus, is expelled from Rome

    474BC At Cumae, off Naples, Greek fleet defeats Etruscans, who start to lose grip on area south of Rome

    396BC Romans capture Veii, an Etruscan settlement north of Rome; destruction of settlement marks start of long period in which Romans gradually annex towns of Etruscan heartland. By start of first century BC, all of Etruria has been absorbed by Rome republic

    The Guardian, Monday 18 June 2007

  • Anonymous hacker group members arrested in all over Europe

    Anonymous hacker group members arrested in all over Europe

    Anonymous11

    Police in Italy and Switzerland searched more than 30 apartments as part of an investigation into online activist collective “Anonymous,” amid a growing global law-enforcement crackdown on high-profile computer attacks claimed by the group’s followers.

    The move is the latest enforcement activity in a probe that since December has netted more than 40 arrests of individuals authorities in the U.K., Netherlands, Spain and Turkey have linked to Anonymous.

    In the U.S., the Federal Bureau of Investigation is continuing a probe that has involved dozens of searches over recent months.

    That includes the raid last week of the home of a Hamilton, Ohio, man believed to have links to an Anonymous splinter group called LulzSec.

    Italian police said they suspect some 20 people, five of whom are ages 16 or 17, are behind so-called denial-of-service attacks, in which websites are bombarded with data with the aim of knocking them offline.

    The searches conducted on Tuesday included the home of someone the police identified as a leader of Anonymous’s Italian cell, a 26-year-old man who goes by the nickname “Phre” and lives in Switzerland.

    According to Italian authorities, the attacks targeted the websites of the Italian Parliament and top companies including Enel SpA, ENI SpA and Mediaset SpA, the country’s largest commercial broadcaster, which is owned by Silvio Berlusconi. No arrests were made.

    Anonymous grew out of an online message forum formed in 2003 called 4chan, a popular destination with hackers and gamers.

    It entered the spotlight late last year, claiming cyberattacks against companies and individuals the group said tried to impede the work of document-sharing website WikiLeaks. That included MasterCard Inc. and Visa Inc.

    Over recent months, followers of Anonymous and LulzSec—which takes its name from Internet slang for laughter—have claimed responsibility for a number of denial-of-service attacks and computer breaches of a number of high-profile targets, ranging from corporations like Sony Corp. to the FBI and other government organizations.

    British police, who are cooperating with the FBI, have arrested seven individuals this year. That includes 19-year old Ryan Cleary, who had been a prominent figure in Anonymous and then LulzSec.

    U.K. prosecutors late last month charged him with five computer-related offenses.

    Authorities allege he infected computers in order to form a computer network, called a botnet, which he then used to launch online attacks against websites including that of the U.K. Serious Organised Crime Agency.

    Essex-based Mr. Cleary, who is out on bail, is cooperating with police, his lawyer has said. The other six individuals arrested in the U.K. have been released on bail and haven’t been charged.


    The Wall Street Journal