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You are here: Home Archive 2010 March Weekly Edition 25th March 2010 Budget cuts could finish Italian flag

Budget cuts could finish Italian flag

by John McLaughlin, Rome last modified Mar 29, 2010 03:27 PM

PAOLO d’Amico, the newly elected president of Italian shipowners’ association Confitarma, has challenged the Italian Government to live up to its commitment to the international ship register, warning that planned budget cuts could deal a killer blow to the Italian flag fleet.

In his inaugural address to a packed hall in Rome’s splendid Palazzo Colonna, Mr d’Amico expressed the considerable frustration of an industry that feels spurned by Rome, despite the government’s frequent acknowledgements that it is critical to Italy’s economic competitiveness.

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