Comments in ANSA from Premier Renzi: Italy govt may further reduce labor taxation Lower euro would help Italian businesses The consensus for 2014 growth is 0% so no surprise there.
Some minor news from the weekend catch-up. Ignazio Visco, the governor of the Bank of Italy and a member of the ECB Governing Council said in a newspaper interview on Sunday: Its time for more expansive fiscal policy in euro … Continue reading
Italy’s statistical agency forecasts GDP in a range between -0.2% and +0.2% in Q3. The consensus is 0.0%. Italy is mired in recession after five consecutive months of negative growth. The country is slowly turning the corner but it looks … Continue reading
“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
Sees deficit to GDP ratio at 2.7% in 2014 & 2015 but with significant risk of upward revision Most analysts were looking for around 0.3% growth this year but the setback we saw last week is having a few of them … Continue reading
The OECD’s leading indicator was unchanged at 100.50 in June. There were worries for Germany and Japan which saw their numbers drop. Germany fell to 100.2 from 100.4 and Japan was down to 100.1 from 100.4, just holding above the … Continue reading
Italy’s Banco Popolare is not hanging about and they want to stake its claims for some cheap ECB moolah. According to Bloomers, who have seen a slide presentation on the Banks website, they reckon they’ll be tapping up the Dragster … Continue reading
Whatever was knocking around 1.3350 have bee smoked as headline cross Bloomberg that the EU say that the worse than expected Italian GDP data is expected to have a negative impact on public finances. There’s no clarification of who uttered … 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.
Econ min on Rtrs speaking in parliament The most recent macroeconomic data, if confirmed, indicate a delay in the mechanisms for a return to sustained economic growth in Europe and elsewhere. That is true for our country as well The … Continue reading