In good news for the prospect of Italian macroeconomics, Italy's state-backed lender Cassa Depositi e Prestiti (CDP) has unveiled an ambitious €160 billion 5-year-plan and additional measures to attract up to €105 billion in foreign capital.

The CDP is a state-controlled investment company that resembles a sovereign wealth fund. It's 80% owned by the Treasury – banking foundations own most of the rest - and has assets of €314 billion. Most of its funding comes from the postal savings of ordinary Italians.

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Source: http://sanfranciscoitaly.com/