VESPERINI, Giulio
Les privatisations dans le secteur industriel public - Paris : IIAP, juil./sept. 1993
In Italy the rare cases of direct transfer of public enterprises to the private sector have not been decided by government, but by the public bodies which owned their capital, in view of reinforcing their own position. The privatisation which have been programmed by government have maily been targeted to the legal form of enterprises, without changing their direction and control, which remain public. Because they have followed two different paths, the italian privatisations have not had the same consequences as in other countries, namely an increase of government regulation of private activities, a reinforcement of capital market and a decrease of government debt. The latest program of transfer of public companies which has been presented by the italian Cabinet does not bring any major innovations in this field
Les privatisations dans le secteur industriel public - Paris : IIAP, juil./sept. 1993
In Italy the rare cases of direct transfer of public enterprises to the private sector have not been decided by government, but by the public bodies which owned their capital, in view of reinforcing their own position. The privatisation which have been programmed by government have maily been targeted to the legal form of enterprises, without changing their direction and control, which remain public. Because they have followed two different paths, the italian privatisations have not had the same consequences as in other countries, namely an increase of government regulation of private activities, a reinforcement of capital market and a decrease of government debt. The latest program of transfer of public companies which has been presented by the italian Cabinet does not bring any major innovations in this field
