The future of the EURO
On June 28 and 29, 2012 the Eurozone leaders at the European Council agreed important short-term measures to ensure the stability of the Euro area.
EU heads of state or government invited the President of the European Council to develop "a specific road map for the achievement of genuine Economic and Monetary Union", in collaboration with the Presidents of the Commission, the Eurogroup and the ECB.
Eurozone heads of state or government decided to establish a single banking supervisory mechanism run by the ECB and, once this mechanism has been created, to provide the European Stability Mechanism (ESM) with the possibility of injecting funds into banks directly.
It was also agreed that EFSF/ESM funds can be used flexibly to buy bonds for member states that comply with common rules, recommendations and timetables.
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Incentives for companies hiring in the textiles, ICT and mechanical engineering sectors
The initiative financed by the Regional authorities with € 5 million and managed by Agenzia Piemonte Lavoro envisages incentives for companies that hire personnel as part of training programmes in one of the three sectors facing the most serious crisis: textiles, applied ICT and mechanical engineering.
The maximum contribution is € 10,000 for every definitive hiring, and € 7,000 for every fixed term contract for at least 12 months.
The form must be completed on the site www.agenziapiemontelavoro.it.
The incentives are linked to a process of professional growth by the worker (lasting 150 - 500 hours). The future employee must have been unemployed or under-employed for at least six months and hired within 2 months of the conclusion of the training process.
Acquisition of companies in difficulty
The regional competition "Integrated measures for the acquisition of companies in difficulty, and of manufacturing facilities that are closed or risking closure", got underway on June 11 to favour the maintenance, improvement and/or recovery of employment levels, with initial investment plans to acquire companies (or company branches) in difficulty, and/or plants, facilities and research centres that are closed or risking closure. Interested companies must submit an application to Finpiemonte S.p.A. by completing the electronic form published in the site. The desk for the presentation of the application will remain open until the financial subsidies are exhausted (€ 11 million) but no later than 31/12/2013, unless otherwise established by the competent regional authorities.
Large companies Fund
Regione Piemonte has reactivated the Guarantee Fund for large companies, with the goal of sustaining the continuous concession of bank credit to large companies that are facing temporary moments of financial difficulty. Applications may be presented from June 18, 2012 to February 28, 2013.