Convertible debt. Chinese acquisitions in italy

One of the main objections that I’ve recently received is the following: “what if the current shareholder wishes to sell out? In that case, it seems clear that the government cannot put any obstacles and cause the transaction to fail because in that case, it is the seller, the old shareholder, that would forgo the opportunity to cash in”. Here’s my answer.

Free trade is good in the long run. Meanwhile…

In 2017, one of the biggest issues that the world will be facing is trade war, especially between China-US. President Xi and Trump have different views. Xi strongly encourages free trade between countries while Trump stresses the importance of fair trade. Michele Geraci has an even different view from both of them. He thinks that opening up trade and lowering trade barriers, in general, would benefit both countries involved, on average, but the problem is that these benefits are not always redistributed fairly within the country.