UK TOP SECRET Postman Patel: Italia telecom go on strike

"“We have lent a huge amount of money to the U.S. Of course we are concerned about the safety of our assets. To be honest, I am definitely a little worried.” "

Chinese premier Wen Jiabao 12th March 2009

""We have a financial system that is run by private shareholders, managed by private institutions, and we'd like to do our best to preserve that system."

Timothy Geithner US Secretary of the Treasury, previously President of the Federal Reserve Bank of New York.1/3/2009

Wednesday, October 04, 2006

Italia telecom go on strike

In a walk out today , over plans to split Italia Telecom to facilitate a sell off of the mobile TIM company, 80 percent of the company's 63,000 employees observed the strike (plnned 2 weeks ago) according to the left-wing CGIL union.... amidst talk that the secretive US based Carlyle Group may become owners of TIM.

"Tronchetti Provera, you'll be in jail soon," the protesters shouted at a Milan rally, in reference to a scandal involving illegal wiretapping that landed a former security official in prison two weeks ago. "We have to keep the group in one piece and keep it firmly in Italian hands. We need clarity because we are worried about the future," said CISL union leader Raffaele Bonanni .

About 1,000 workers held a demonstration in northern Milan, where the debt-laden group's outgoing chairman Marco Tronchetti Provera (He resigned on September 18th) drew harsh criticism, an AFP photographer at the scene reported."

Telecom Italia 1 year share price graph.