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The Open Fiber Project: how and why
Founded in 2017 to pursue the goals of the "Gigabit society" indicated by the European Union, the Open Fiber project set an investment plan of 6.5 billion euros to cable 19 million residential units with an entirely fiber optic network, equal to two-thirds of the country by 2023. The company is working in 271 large cities and 8,000 small towns spread out around all 20 Italian regions.
Banking union and fiscal backstops
The banking union is an epochal institutional change, comparable in many respects to the introduction of the euro in 1999. Besides the Single Supervisory Mechanism (SSM), the banking union comprises a Single Resolution Mechanism (SRM) with its Single Resolution Fund (SRF), and a harmonized system of deposit insurance schemes. The new institutional architecture is certainly an important step forward ...