Local authority finance - Turning to the capital markets - Municipalities are scorning their traditional funding sources and seeking Euromarket finance and various off-budget structures.

Cuccia's last stand - Italy's political and financial clean-up has torn through the web that Enrico Cuccia and the merchant bank Mediobanca spun over decades among the country's industrial network. Octogenarian Cuccia won't survive, but Mediobanca could change its spots.

Dyer, Geoff, (1993)

The USD150 billion headache - The target for privatizations in Europe alone totals USD150 billion. Where will all this equity be placed? Can Europeans be weaned from their attachment to bonds?

Dyer, Geoff, (1993)

Strange bedfellows - The daughter merchant banks of ABN-Amro - Mees & Hope and Pierson, Heldring & Pierson - were merged in April. The merger made sense for the daughters, but perhaps not for the parent.

Dyer, Geoff, (1993)