Neil Unmack is a Reuters Breakingviews Associate Editor based in London. He covers credit markets, hedge funds, and Italy. Previously he was a corporate finance reporter at Bloomberg News in London. He started his career as a financial journalist in 2001 at Euromoney Institutional Investor, where he covered structured finance for EuroWeek magazine. He was educated at Eton College and Oxford University, graduating with a first class degree in modern languages.
Dario Scannapieco will run state investor Cassa Depositi e Prestiti. Under Fabrizio Palermo the $500 bln fund intervened boldly in M&A and hoovered up stakes in assets like Euronext. A change of the guard, under liberal Premier Mario Draghi, suggests a welcome recalibration.
Prime Minister Boris Johnson wants to lower tariffs for goods from Down Under. A deal would bring only a little more growth, cost UK farm jobs, and set a benchmark for negotiations with others. It’s getting harder for Johnson to ignore the tradeoffs after leaving the EU.
Prime Minister Mario Draghi pledged reforms, like faster legal trials, to obtain some 200 bln euros of EU funds. This complements a big budget deficit he’s running up during the Covid-19 crisis. A short tenure means he must act fast as his successors may be less keen on change.