Italian finance minister Pier Carlo Padoan says that the debate on austerity is whether there is scope within existing the EU rules for more flexibility not whether they can change the rules at all. He adds that he’s surprised by … Continue reading
Some negative comments from the IMF on Italy: Italian economy ‘struggling to emerge’ from recession ‘Stiff headwinds’ to investment in Italy Sees ‘tight credit conditions’ in Italy Recovery ‘remains fragile’ Unemployment ‘unacceptably high’ The IMF and others have been fretting … Continue reading
Affirmation reflects Italy’s wealthy and diversified economy, also reflects expectation that government will make progress on structural and fiscal reforms. They say risks are from debt and soft growth prospects. They see real GDP growth averaging 0.9% from 2014-2016.
Market confidence has been restored in Italy Italy still needs strict budgetary execution Italy’s economic recovery still fragile Olli Rehn speaking to the press on the latest EU country recommendations. Ireland release their unemployment rate on Thursday and it’s been … Continue reading
European equity market closes: UK FTSE +0.4% German DAX +0.5% French CAC +0.1% Spain IBEX +0.2% Italy MIB -0.4% I wouldn’t be too flustered by the soft day in Italian stocks because they rallied 5.5% in a two-day surge on … Continue reading
EU vote result will give Italian parliament no excuse to put off reforms His party’s victory should accelerate reforms Italy will continue down reform path and it’s the right moment to invest in the country One happy bunny is Italian … Continue reading