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Italian pension funds drop support for bank rescue fund Atlante 2

first_img“After comparing the asset allocation and internal procedures relating to financial policies, Atlante 2 has been judged to be out of line with the pension fund’s prudent basis, and not within the investment parameters that apply to it,” Inarcassa said.But the fund did say its board had reiterated its commitment to invest in the country’s real economy, provided the risks and returns were in line with the growth expectations of an asset base that had to guarantee the future welfare of architects and freelance engineers.Gianni Mancuso, president at Enpav, said that, despite the ADEPP’s support of the bank rescue initiative, its own board had unanimously decided against granting the request to invest in Atlante 2, asserting that it was not obliged to contribute to the debt restructuring of Monte dei Paschi di Siena, one of Italy’s biggest lenders.He said the fund needed to respect its mission, which was to ensure adequate pension benefits to members, current and future.“To do this, our investments have always been oriented towards more cautious and prudent choices,” he said.However, Mancuso said Enpav would not hold back from offering its support for initiatives to revive the Italian economy.But it will do this in other ways, he said, such as financing the renovation of school buildings, which would meet the needs of the population, contribute to overall economic recovery and possibly have a positive effect on its members’ profession, which has been severely hit by the economic crisis.For its part, EPPI said technical evaluation of the investment in Atlante 2 had shown the risk/reward ratio fell outside the key parameters adopted by the fund in its asset management.Early last week, the ADEPP, the umbrella association for casse di previdenza, agreed to support Atlante 2, which is to be created as a fund to invest in Italian banks’ bad loans, buying the debt at below-book value.The initial contribution from the 19 members of ADEPP members was to be €500m.But in an interview two days ago in the newspaper Il Sole 24 Ore, which was reproduced on the ADEPP’s website, the association’s president Alberto Oliveti cast doubt on the pension funds’ ability to invest in the fund, given the unfavourable pricing being discussed after the ADEPP made the pledge on behalf of its members.He said the technical details of the investment had changed since the original proposal by the government.“They were talking about purchases priced at 24% for 38% of nominal value, and today they are talking about 32%,” he said.“We cannot give money in grants. We need a legitimate return expectation.” Three of Italy’s casse di previdenza have announced they will not invest their money in Atlante 2, the country’s fund to rescue troubled banks, even though their industry association ADEPP had initially pledged the pension funds would in principle invest in the fund.The three casse di previdenza – first-pillar funds for white-collar workers – are vets’ pension fund Enpav, the engineers and architects’ fund Inarcassa and industrial experts’ fund EPPI.The pension funds said individually that investment in Atlante 2 failed to meet their requirements.Inarcassa said its board of directors had unanimously decided in a meeting on 29 July against participating in Atlante 2.last_img read more

Video: Cristiano Ronaldo is best player in the world – Pele

first_img Pele was speaking with YouTube channel Pilhado and was asked whom he believes to be the world’s best player. Edson Arantes do Nascimento, popularly called Pele,  has declared Juventus striker, Cristiano Ronaldo, as the best player in the world. “And in Europe, Franz Beckenbauer and Johan Cruyff. Now, it’s not my fault, but I think Pele was better than them all.” FacebookTwitterWhatsAppEmail分享 Read Also:Nani: I made Ronaldo a star “It is a question that is difficult to answer. We cannot forget about Zico, Ronaldinho and Ronaldo. Promoted ContentLaugh, Cry, Or Just Relax With The Best Series Streaming On HBOA Hurricane Can Be As Powerful As 10 Atomic BombsTop 10 Tiniest Phones Ever MadeCelebrities Showing Support For George Floyd Protests9 Facts You Should Know Before Getting A TattooMost Popular Movies With Sylvester StalloneInsane 3D Spraying Skills Turn In Incredible Street ArtThe 9 Best Robots In Movie History6 Interesting Ways To Make Money With A DronePlaying Games For Hours Can Do This To Your Body20 Completely Unexpected Facts About ‘The Big Bang Theory’2020 Tattoo Trends: Here’s What You’ll See This Yearcenter_img Loading… “Today the best player in the world is Cristiano Ronaldo,” Pele told the channel. “I think he’s the best, because he’s more consistent, but you can’t forget about [Lionel] Messi, of course, but he’s not a striker.” Pele was then pressed on who will go down as the greatest player in the history of the game.last_img read more

Kentucky Derby

first_imgIf you like to watch the horses run, you should enjoy the next 4 weeks.  Keeneland has their spring season going now, and Churchill Downs will feature the Kentucky Derby the first weekend of May.  For a closer look at horse racing, Indiana Grand is opening its outdoor season next week as well.  None of these require a long drive, and they are very beautiful tracks which make watching horse racing easy to watch.  Near to Kentucky Derby time I will talk about the top prospects for that race.  Get your $2 ready!last_img

January 2, 2019 Police Blotter

first_imgJanuary 2, 2019 Police Blotter010219 Decatur County Fire Report010219 Decatur County EMS Report010219 Decatur County Law Report010219 Decatur County Jail Report010219 Batesville police Blotterlast_img

Roberto Martinez: Garry Monk ‘remarkable’ at Swansea

first_img Press Association Garry Monk did a remarkable job at Swansea, according to Everton manager Roberto Martinez. “They’ve always been a football club where they’ve made a decision that nobody expected and it was the one that made the difference.” Martinez, meanwhile, revealed he will discuss Steven Naismith’s future at Everton with the forward next month and could sanction a move away from Goodison Park. Naismith has found himself increasingly sidelined, with Romelu Lukaku, Arouna Kone, Gerard Deulofeu and Ross Barkley monopolising the attacking positions. Norwich, Everton’s opponents on Saturday, made a deadline-day bid for Naismith in the summer but were rebuffed by Martinez. However, with Naismith not having been involved in a Premier League game since mid-October, it appears a move in January could be on the cards. The Scot has spoken of his frustration at the situation and the need to consider his options. Martinez said: “That’s something we need to look into whenever that situation arises. It happened in August, it wasn’t the right time. We’re going to see how the next three or four weeks go. “It’s so important to have a strong squad. We’ve got a period of a lot of games in a short amount of days and every single player will have a very important role in those weeks. “So I’m sure in four or five weeks we’ll have a clear idea of where we are and it’ll be the right time to make a decision. ” There was positive news for Martinez this week about captain Phil Jagielka, who is ahead of schedule in his recovery from a knee injury and could return before the end of the year. The defender, who suffered medial ligament damage in the defeat to Arsenal at the end of October, is potentially in line for a comeback against Stoke on December 28. Martinez said: “Phil had very good news from the specialist yesterday and we are well on track – probably ahead of what we expected. “Realistically we’re talking about maybe that group of fixtures after Boxing Day – Stoke, Spurs at home – that seems very realistic for Phil to come back.” Martinez is planning to call Monk to offer his support and expects him to be back in management soon. He said: “W hat Garry Monk has achieved in his first managerial job has been nothing short of remarkable. “What he achieved last season with Swansea is going to be in their history for a long time and I’m sure he’s going to have a really refreshing period and then he’s going to be ready to come back. “Ideally you want to see managers having a long-term project but it’s gone a little bit too much into the latest runs of results and decisions like this happen. “Garry Monk was my captain at Swansea and we’ve got a really good professional relationship. I respect him a lot and obviously I want him to feel very, very proud of what he’s achieved.” Monk’s departure ended an 11-year spell at Swansea that began in 2004 when he joined the then League Two club, playing for them in all four divisions. Managers Kenny Jackett, Martinez, Paulo Sousa, Brendan Rodgers, Michael Laudrup and Monk have all played their part in the Swans’ success story, and Martinez backed the club to get it right again. He said: “I think any Swansea fan needs to trust the chairman and the board because what they’ve done in the last 10 years has been exemplary. Monk was sacked by the Welsh club on Wednesday following a poor run of form despite guiding Swansea to an eighth-placed finish last season and signing a new contract in July. Monk played with Martinez at Swansea and was captain of the side under the Spaniard when he returned as manager in 2007. last_img read more

Gernot Rohr: Eye on 2018 World Cup

first_imgFootball fans in Nigeria will have an insight into what new manager, Gernot Rohr, can offer as he leads out the nation’s national team in his first assignment as Eagles Coach against Tanzania in a formality Africa Cup of Nations qualifier today in Uyo. The result will not change anything for both countries. However, after Nigeria failed to qualify for two consecutive AFCON, Rohr’s main task is to save NFF President, Amaju Pinnick from the unenviable record of having led a federation that failed to qualify Nigeria for not only two AFCON but a World Cup, as Nigeria faces an uphill task of qualifying from a group of more prepared nations like Algeria, Cameroun and Zambia. Kunle Adewale reportsWhen the draws for the qualifying matches of the 2018 World Cup slated for Russia were made and Nigeria was pitched alongside Algeria, Cameroun and Zambia, many soccer-loving Nigerians were pessimistic of the country’s ability to hoist her flag in Russia. This is not because Nigeria lacks quality players to navigate the qualifiers but the ill-preparedness of the football governing body in Nigeria.Even the NFF boss in an interview admitted that the country boasts of some of the youngest best talents in world football, and that the Super Eagles feared no foe in the quest to book a place in the 2018 World Cup in Russia. “Nigeria has the youngest and the most enterprising team in world today. Today’s world is youth football, players between the ages of 18 and 21,” he said.But the big question is, does the NFF itself possess the ability to turn these talents into a formidable team? Only time will tell.However, after all the hullabaloo that surrounded the search for a new manager for the senior national team, the NFF penultimate week finally settled for 63-year-old German Gernot Rohr, whose major challenge is getting the ticket to the 2018 Mundial in Russia.“We do not want to make any mistake this time around. Even if we are in a group that has Algeria and Egypt, we would still qualify. We don’t care who is in our group. Other countries should be scared of Nigeria now because of the quality of the new team we are presenting. One thing I can assure Nigerians is that whichever decision we arrived at eventually would be in the best interest of the country without any bias,” Pinnick had said during the federation’s quest for a coach and before the draws were made.In a telephone chat with former Nigeria international, Mutiu Adepoju, he admitted that Rohr may not be one of the best coaches in the world but thinks he was right for the job considering the little time the federation had to employ a new coach.“If we are thinking of bringing the best coach for Nigeria at this time, we would just be going round and round. I just believe Rohr is the right person we can get now and I think he would do a great job for the team considering the way he has related with them, his intelligence and the working ethics he has brought.“His first priority for now should be how to bring the players together, especially with the match coming on Saturday (today) in Uyo; how to get the positives from it- which is noting down the players that would suit his style; bringing in his quality, work ethics and philosophy and introducing it to the players. Immediately after the game against Tanzania, is the first World Cup qualifiers and he has the responsibility to get the players united,” Adepoju said.In spite of not getting a coach on time for the national team, which no doubt has set behind the team’s preparation, ‘Headmaster’ as Adepoju, is fondly called, said Rohr could still book a World Cup ticked for Nigeria.“Nothing is impossible; we just have to be optimistic. All he needs from us is our support because questioning and criticising would only amount to distraction for the team, which is what they don’t need now,” he noted.Nigeria’s preparation to the 2018 Mundial qualifiers was hindered by the quest for a coach after erstwhile coach, Sunday Oliseh unceremoniously threw in the towel before the all-important encounter against Egypt for the last matches of the 2017 AFCON qualifier slated for Gabon. In an attempt to fill the gap left by Oliseh, the NFF had been at a crossroads before finally settling for the German.Another thing that may not work in favour of the former German international is that while other Eagles foes in the qualifiers can take advantage of the AFCON in January, to keep their team in shape, Rohr cannot boast of such as he would have to depend on training and possibly warm-up matches (if the federation can afford one, considering its usual complaint of ‘NFF lean purse’).Interestingly, considering the insincerity of the NFF in the past, Rohr is starting his job on a precautionary note.The coach, a former development officer with German Football Association (DFB), has lodged copies of his contract with the international football governing body, FIFA and the German Embassy in Abuja.THISDAY understood that Rohr complied with advice of his agents by domiciling copies of his contract with the German Embassy in Abuja and the international football governing body’s headquarters in Zurich.The move is seen by many as a safety net that will guarantee his interests by making a third party, notably FIFA, to intervene in the future if he is embroiled in unresolved contract disputes with the notorious Nigerian federation.NFF is famed for causing high profile feuds with coaches it engages over matters concerning breaches of contracts.The NFF and its immediate past national coach, Sunday Oliseh, still occasionally trade tirades about allegations bothering on outstanding salaries to the former international midfielder and his assistants.At the time they died in June, both Stephen Keshi and Shaibu Amodu, were still owed by NFF for services rendered as national coach and technical director of the federation respectively.Rohr is understood to be employed on $48,000 per month salary and will aim to make an immediate impact when Nigeria tackles Tanzania in Uyo today, in an Africa Cup of Nations fixture that amounts to a mere window dressing.In 1996, he managed Girodins Bordeaux to the UEFA Cup final, where they lost to Bayern Munich and and between 1998 and 1999, he was sports director of Eintracht Frankfurt.His other past managerial jobs include French club Nantes and Nice, Young Boys Berne in Switzerland, the Tunisian club Etoile du Sahel and the national teams of Gabon and Niger.Rohr took Gabon to the quarter-finals of the 2012 Nations Cup on home soil and also managed Niger at the 2013 edition but failed to get them out of the group stage. Before leaving Burkina Faso, he led the Stallions into the final round of the 2018 World Cup qualifiers.The NFF’s technical committee recommended Rohr after the federation failed to reach an agreement with Paul Le Guen in June.“I am enthusiastic to get to work. This is a big challenge because Nigeria has big players everywhere and has the ability to do well internationally. I have a German heart – the heart of a winner. I have confidence that with the right atmosphere and the right support, the Super Eagles have the capacity not only to qualify for the World Cup, but get to the latter stages of the competition,” Rohr had told the NFF website.Ahmed Yusuf Fresh, vice chairman of the NFF’s committee, had explained their recommendation thus: “The committee was impressed with Mr. Rohr’s profile and current activities for the German Football Federation (DFB).“He was very positive, showed great interest in the job and is ready and willing to live in Nigeria. He is also willing to work with indigenous Nigerian coaches and with the committee, and believes the Super Eagles can qualify for the 2018 FIFA World Cup, which is very important to the NFF. He swayed the committee with his calmness, good knowledge of the African terrain, focus and maturity.”The football federation signed Rohr on a two-year deal to work as a technical adviser.How well Rohr is able to save Pinnick’s face by qualifying Nigeria to the 2018 World Cup remains to be seen.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

No. 1 USC dominates Long Beach

first_imgIn a rare Friday night match, the No. 1 USC men’s water polo team used a dominant first period to propel themselves to a 13-7 Moutain Pacific Sports Federation road win over No. 10 Long Beach State.The win marks the Trojans’ 19th in a row, a streak that dates back to last season, as USC remains the nation’s only undefeated team.The Trojans (17-0, 3-0) took a 4-0 lead after the first period and led 5-0 early in the second period against the 49ers (18-4, 0-1).Two of the early five goals came from sophomore driver Kostas Genidounias, who led the Trojan scoring effort with a game-high five goals.“Our defense dominated the first period,” Genidounias said. “They [LBSU] had a really slow two-meter, so we were able to score three goals early in the counterattack. Good defense always leads to good offense, and that was our main weapon.”The biggest part of the offense was undoubtedly Genidounias, whose five goals tied a career high.“Our guys did a really good job of getting [Genidounias] the ball in position, which doesn’t always happen,” USC coach Jovan Vavic said. “After his first goal, he was more aggressive and found his confidence.”The only other Trojan with multiple goals was junior utility Mace Rapsey with two. Junior driver and the Trojans’ leading scorer Nikola Vavic scored one goal in the first period, keeping alive his streak of scoring in every game this season. The goal was the 139th of Nikola Vavic’s career, moving him into 11th on the Trojans’ all-time career scoring list.The score indicates otherwise, but the Trojans let off the gas after their initial spurt and let the 49ers back into the game after running out to a 5-0 lead. Once up 6-1, the Trojans had a 6-on-5 opportunity in the second period with the chance to extend their lead to 7-1 and knock the 49ers down for the count.Instead, USC turned the ball over and the 49ers quickly scored to pull to 6-2, a two-goal swing. Long Beach State scored early in the third period to pull within three goals at 7-4, but two quick goals from Genidounias and senior driver Tobias Preuss put the feisty 49ers away for good.“If they had scored another to pull within two, we would have been in for a brawl,” Jovan Vavic said. “Luckily, Kostas scored a goal every time we needed one.”The Trojans had one of their strongest opening periods all season, but the team knows that failing to put opponents away could become a bigger issue later in the season.“We need to keep our concentration as the game goes on,” Genidounias said. “We gave them a few easy goals when we lost our focus. Friday, it was LBSU. But against a top opponent, our lack of focus might cost us a really great game down the road.”Coach Vavic is proud of the way the Trojan offense finished shots on Friday, but he said there’s always room for improvement.“We are not looking around to see what teammates are doing at all times,” he said. “We must be more aware.”The Trojans are fully immersed in the midseason grind at this point, and this upcoming week will not do the team any favors.USC will travel south to take on No. 6 UC Irvine on Thursday before returning home to host No. 5 University of Pacific and Cal Lutheran in a Saturday double-header, the squad’s first home matches after eight consecutive matches on the road.last_img read more

NPFL: Thankgod Ike Thankful for Re-union with Eguavoen at Sunshine Stars

first_imgOn why he would leave Enyimba International for Sunshine Stars, the vastly experienced defender revealed he moved over to Akure in search of playing time.“I had to leave Enyimba and come here because I want to be playing games and I’m getting it here. No matter how much you are paid, every player wants to be on the pitch. All my career, I have never been on the bench. I’m always playing,” he added.He is relieved that the move which began earlier was finally sealed.“I would have been here earlier but Enyimba delayed my transfer. I’m happy everything have been settled and I can now continue with my football. I am happy Sunshine was patient even when Enyimba was delaying my departure” he pointed out.Ike is willing to bring his experience to bear and help the club survive the drop.His words: “All my career, I have played mostly for big teams and we were always fighting for the title. But I once battled relegation with Warri Wolves and we survived it. I will put in my best to help this club avoid relegation. Surely, we will not be relegated. The most important thing for us now is to move out of the drop zone first and move up. I can’t say for sure, where we will end but I know we won’t be relegated”.Ike has no difficulties relating with the younger players in the squad and put it all down to having once been a rookie and had older players as mentor.“We were all like them and the older ones then also helped us. It is my turn now to encourage the younger players. Of course, they can learn a lot from me and there are times I am required to come down to their level. It is all about being patient with them and the good thing is that they are very respectful, so we have a good relationship”, explained the defender who also had stints at Heartland and Abia Warriors.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Sunshine Stars mid season signing, Thankgod Ike, has expressed delight at his linking up with coach Austin Eguavoen in Akure.Eguavoen, a former Super Eagles coach was unveiled recently before the mid season break as manager of Sunshine Stars and Ike is among the players brought in to strengthen the squad ahead of the last half of the season.“I have played under Eguaovoen when he was in charge of the Super Eagles, so I know him very well. I am happy to meet him again here. You know he was a very rugged defender during his time and I am likely to keep benefitting from his experience which is why I always love to play under him,” Ike told www.npfl.ng.last_img read more

Francisca Ordega celebrates birthday with hot pictures.

first_imgSuper Falcons forward, Francisca ‘Franny’ Ordega turns 24 today. In celebration, the Benue beauty posted a picture of herself on Instagram and Facebook, dressed in a black sheer top, a black skater skirt, mesh pop socks and sneakers.Ordega has won the Africa Women’s Cup of Nations three times (2010, 2014 and 2016). She also earned caps in the 2010 FIFA U-17 Women’s World Cup, 2012 FIFA U-20 Women’s World Cup and at senior level, she was a major part of the Super Falcons squad at the FIFA Women’s World Cup in 2011 and 2015.Currently playing for Washington Spirit in the USA, Ordega is arguably one Nigeria’s most fashionable female footballers.Happy Birthday, Francisca Ordega!RelatedNFF Celebrate Ordega As She Clocks 23October 19, 2017In “National Team”2019 FIFA WWC: Super Falcons Play Slovakia in FriendlyMay 29, 2019In “National Team”2019 FIFA WWC: Super Falcons Saddle Up for Make or Break Match Against South KoreaJune 12, 2019In “Events”last_img read more

William Hill – Odds lengthen for March Article 50 triggering

first_img Related Articles Share Following yesterday’s decision by the UK Supreme Court that the UK government cannot trigger Article 50 without the consent of Parliament, bookmaker William Hill has lengthened its odds on the UK beginning its EU exit negotiations’ before the end of March, the target date specified by Prime Minister Theresa May.Updating its ‘Article 50 deadline’ market William Hill has moved to price a ‘March trigger’ from 4/7 (63% chance) to 8/11 (57%) as a result of the outcome of the Supreme Court’s Appeal verdict.Noting that the Triggering of Article 50 has split the majority of MPs, William Hill has priced the odds for Article 50 not to be triggered before the end of March have shortened from 5/4 (44%) to ‘even money’ (50%).At present, the bookmaker has priced 1/2 that the UK will officially leave the European Union by 2019. Further prices see William Hill offer 5/2 for a delayed 2020 (or later) departure and 5/1 for the UK exit to take place during 2018 or earlier.Commenting on the Article 50 market, Graham Sharpe William Hill political spokesperson stated; “The Supreme Court ruling may make it slightly more difficult for Theresa May to achieve her stated target of triggering Article 50 before the end of March so we have slightly lengthened the odds”, Submit StumbleUpon EU research agency demands urgent action on loot box consumer safeguards July 29, 2020 Share SBC Magazine Issue 10: Kaizen Gaming rebrand and focus for William Hill CEO August 25, 2020 William Hill accelerates transformation agenda to overcome COVID realities August 5, 2020last_img read more