“Today’s figures present a mixed picture, but have to be considered in the context of economic conditions over the medium term” says EC spokesman Michael Jennings We have stressed the fragile nature of the economy and maintained that the greatest … Continue reading
Italian senior bureaucrats are the highest paid in the world. Funny how austerity never seems to apply to the same people who misspent and mismanaged the most. Poland, Japan, Australia and Great Britain not far behind.
Klaas Knot has it in for France and Italy by earlier saying that the pace of reforms remains too low in the two countries. Speaking in a Dutch RTZ-Z interview he says that reforms without the pressure of the market … Continue reading
Italian PM Prime Minister Matteo Renzi was interviewed in newspaper Corriere della Sera (published on Sunday) . In brief: Said Italy does not need help in managing its economy from the European Commission, European Central Bank or International Monetary Fund … Continue reading
Italy look to be ploughing a lonely farrow as they battle to get budget rules relaxed (for other countries, not themselves of course). They are facing opposition from the ECB, the UK and Germany as well as other southern member … Continue reading