Outlook on the long term for Italy and Spain are stable Fitch forecasts Italy GDP to contract by 0.2% in 2014 followed by growth of 0.6% in 2015 Stable is nice but BBB+ isn’t exactly something to stake an election … Continue reading
Meh! I’m sure it’s just lying around.
Italy’s draft budgetary plan (DBP) for 2015 was submitted to Brussels for review and not only are they going to slow their debt to GDP reduction, they are going to miss the stability and growth pact (SGP) rules. Naughty, naughty, … Continue reading
This refers to earlier reports that the EU had issues with latest Italian budget plans and have written a letter to fin min Carlo Padoan expressing their concerns The issue is a “significant deviation from the required adjustment path towards … Continue reading
Reading between the lines shows the EU will probably reject Italy’s budget, according to Reuters: Italian Economy Minister Pier Carlo Padoan has said he expects the European Commission to issue its evaluation of Italy’s 2015 budget on Oct. 29, a … Continue reading
An EU source cited by Reuters says Italy’s budget plan is likely to be seen as a “serious violation” of EU rules and be rejected. That’s exactly the kind of thing that will drive a country out of the eurozone, … Continue reading
The quickest, easiest way to make a quick million was to jump on a plane to Italy and upon arrival change some money into lira at the airport. Instant riches! Could those days be set to return? Ambrose Evans-Pritchard in … Continue reading
Istat has lowered its forecast to meet the consensus estimate. Italy has had one quarter of growth since Q3 2011 but economists see growth beginning to pick up next year.
I’ll have some of whatever he’s smoking
Ze Germans are telling us what’s what ahead of the EU summit in Milan tomorrow. A german official says that the summit is to discuss jobs and not growth (heaven forbid that they talk about more than one thing eh?). … Continue reading