Italian premier to unveil new industrial plan Friday

Joined by savings and finance arm CDP president and CEO

Italian premier to unveil new industrial plan Friday

Rome, August 8 - Italian Premier Enrico Letta will present the new industrial plan for the savings and finance arm of the Italian State - Cassa Depositi e Prestiti (CDP) - on Friday, his office said Thursday. Joining him will be Franco Bassanini and Giovanni Gorno Tempini, president and CEO respectively of CDP. Last week in its industrial plan guidelines the agency said it will plough up to 80 billion euros - the equivalent of nearly 5% of Italian economy - into public sector investments over the three-year period 2013-1015. The CDP said it may also invest up to 15 billion euros - for a total of 95 billion - in investments targeted at expanding the CDP's range of activities, adding roughly 2% to the gross national product per year, or 6% over three years.

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