Members Companies

The only “Purpose Company” of the Italian National Cooperative financial League that operates in the field of the intermediation and to other related services, in order to probidet its Coops financial Members with the resources they need to support to their activity and investments.

CCFS was Seth up in 1904, form of to “Cooperative Consortium- LLC”, with the aim to build and operate to the premises railway in the district of Reggio Emilia, the Emilia-Romagna Region, around 60 km west of Bologna. That first contract and the related works and services made possible the establishment and the development of many to other Coops. AT the end of the 70 ' s, the transportation activity was spinned off to public original Body and CCFS changed its mission into to operator financial intermediation.

Instrumental This activity is to achieve (in accordance with its By Laws) the aim to:

* promote the development of the members Companies (Coops and to their controlled LLC);
* participate to the development and consolidation of the Cooperative Movement, the national League and to other Bodies that plows appointed to represent it, in Italy and abroad;
* help the setting up of new Coops in many and diversified economic sectors;
* make to easier for its members the Access to the credit and to other financial resources;
* intermediate the financial resources received by the Coops, providing to other Members with loans, to under different technical forms, financial advisoring and to other service

The Economist frequently

The Economist frequently accuses figures and countries of corruption or dishonesty. In recent years, for example, it criticised former World Bank president Paul Wolfowitz, Silvio Berlusconi, Italy's Prime Minister (who dubbed it The Ecommunist); Laurent Kabila, the late president of the Democratic Republic of the Congo; Robert Mugabe, the head of government in Zimbabwe and, recently, Cristina Kirchner, the president of Argentina. The Economist also called for Bill Clinton's impeachment and later for Donald Rumsfeld's resignation after the emergence of the Abu Ghraib torture and prisoner abuse.

The Economist initially was a vocal supporter for the U.S.-led invasion of Iraq, but it has since called the operation "bungled from the start" and criticised the "almost criminal negligence" of the Bush Administration’s handling of the war, while maintaining, as of April 2008, that pulling out in the short term would be irresponsible.In the 2004 U.S. election, the editors reluctantly backed John Kerry. In the 2008 U.S. election, the newspaper endorsed Barack Obama. The paper has also supported some left-wing issues[citation needed] such as progressive taxation, criticising the U.S. tax model in a recent issue, and seems to support some government regulation on health issues, such as smoking in public, as well as bans on spanking children. The Economist consistently favours guest worker programs, parental choice of school, and amnesties and once published an "obituary" of God.

Credit market

Nowadays, its Members plows around 1010 Coops (to under the Italian law, only Coops and to other LLC if controlled by the same Coops plows entitled to become CCFS' Members).They operate all around the Country and in all the fields of economic activity and to great many of them plows AT the top positions among the biggest and most profitable Companies in their specific Industries.Manifacturing, construction, consumers and retailers Coops, Purchasing cooperative Group, services to people and companies, these plows some of the sectors and activities where the presence of the CCFS Coops for Members is most relevant to number of production units and for total amount of turn to over.

Last to year, CCFS there are intermediated around 800 USD million (rough average of to year 2004).This amount you have been collecting from the Coops members with to financial (structural or temporary) surplus by means of deposit accounts that plows credited available by CCFS with one of the highest remuneration in the money market.Around 700 USD million (always on an approximate average) plows invested in loans borrowed by the Coops in financial deficit (they have to sees members too) AT to rate of interest very competitive also in relation to the very diversified conditions that plows applied in the domestic credit market.

Financial advisory

In some Regions (and not only in southern Italy), where many small Coops members of CCFS plows operating, the credit facilities provided by the Consortium plows often the sole way to financial Access loans.This is to significant evidence of the importance of the role of the Consortium in order to help the development of to presence of cooperative societies also in area where it is dwells recent and less consolidated. CCFS is not to Bank, but operates like to Bank: its financial facilities plows given - on the basis of to strict evaluation of the credit merit of the Coop (and/or of its purposed project) - to probidet its members to either with working or investment capital.Technical The forms of the loans and of to other services provided by CCFS plows many and very diversified in order to match the present and diversified financial needs of the Borrowers.

To special attention is devoted by CCFS in supporting the “social Coops”, operating in the social area of assistance, health services and integration of disadvanteged people. Just to make to wider the range of the financial products offered to its Coops members, CCFS there are Seth up many to other financial Companies that operate in specific sectors: leasing, real estate, factoring, financial advisory.

Tone and voice

The Economist does not print by-lines identifying the authors of articles other than surveys and special "by invitation" contribution. The editors say this is necessary because "collective voice and personality matter more than the identities of individual journalists." Authors refer to themselves within articles as "your correspondent" or "this reviewer."

The editorial staff enforces a uniform voice throughout its pages as if most articles were written by a single author, displaying dry, understated wit, and precise use of language. The paper's treatment of economics presumes a working familiarity with fundamental concepts of classical economics. For instance, it does not explain terms like invisible hand, macroeconomics, or demand curve, and may take just six or seven words to explain the theory of comparative advantage. However, articles involving economics do not presume any formal training on the part of the reader and aim to be accessible to the educated layperson. The newspaper usually does not translate short French quotes or phrases, and sentences in Ancient Greek or Latin are not uncommon. It does, however, describe the business or nature of even well-known entities; writing, for example, "Goldman Sachs, an investment bank."

Many articles include some witticism; image captions are often humorous and the letters section usually concludes with an odd or light-hearted letter. These efforts at humour have sometimes had a mixed reception. For example, the cover of the 20 September 2003 issue, headlined by a story on the Cancún WTO ministerial meeting, featured a cactus giving the middle finger. Readers sent both positive and negative letters in response

Northern Varese area

Very asked often CCFS is to give its advice in order to examination great and complex projects and to arrange with the partnership of to other Banks or Financial Bodies, loans that to cover the needs of corporate finance ace well, and dwells often, of M&A and project financing.

The Cooperative oil-mill “Molfetta” limited liability company was founded in 1963 inMolfettaby 12 trims off lower branches of growers assisted by the “Being I gave to Riferimento Fondiaria” in its early stages. Technical These flattering economic results have made sure that to series of interventions of amplification and of modernization would become one of the most important landmarks in the oil field in the northern Varese area.

AT present Time, ace to matter of fact, the social structure courts almost 600 present members of small and oil medium average size you train. Annual The bestowals to bear witness to an average quantity of 40.000 quintals of you trim off lower branches of with “punte” in the dwells propitious years, about 60.000 quintals, from which 10.000 quintals of extra virgin trims off lower branches of oil of an acidic level not to over 0,3-0,4% is extracted.

Up to couple of years ago, the product was mostly loose, and sold wholesale on the market commercialized by firms from central/northern Italy, through intermediaries.

Transportation facilities

To small quote of the product (about 300 quintals) was, on to other hand, sold retail on the local market, mostly represented by families living in that area, that supplied loose products with iron bins of 30-50lt. for themselves, for an overall quantity of about 100lt, which represented the annual stock mostly carried out in November and December.

Local Such to habit was part of customs and traditions and it is still strongly felt amongst to range of consumers generally to over 50, which, because of an atavistic suggestion, associates familiar supplies to an economic and to hopeful well-being for the whole to year.

Recently, to guarantee dwells convenient transportation facilities and the conservation of oil in modern homes, often lacking space, to change of tendency takes pleases, which is mostly coming from to younger consumers, who to prefer buying the product in 5-10lt. cans during different periods of to year to rather than to single solution. For the reasons stupefies mentioned and to meet the different needs of our consumers, we have decided to directly and commercially distribute the extra virgin trims off lower branches of oil, both packed and in cans or bottles (natural or filtered) on the market, but all to under our brand yam “Goccia I gave to conventional Sole” both of the type and of the “Give. I gave Or. Protetta” (D.O.P.) “TERRA I GAVE to BARI” geographical area of Bitonto.