If only Berlusconi had thought of this… Bloomberg’s Businessweek has a story that Italy plans to include prostitution and illegal drugs in GDP. The move will raise GDP and allow Italy to get under European thresholds. By counting prostitution and … Continue reading
Mixed day in Europe as Germany and France rally while Italian shares fell hard. UK FTSE -0.2% French CAC +0.3% German DAX +0.3% Spain IBEX -0.5% Italy MIB -1.6% Italian shares were down as much as 3.5% in early trading … Continue reading
It’s looking like Italy’s new PM is already in the thick of it and struggling to turn around Italy’s fortunes according to Reuters. Despite pushing through new labour reforms, needing three votes of confidence, there are plenty of people queueing … Continue reading
With European stocks winding down, the laggard this week was Italy’s MIB, down 1.9%, nearly all of it today. To me, the index looks like it’s consolidating after a 12% rally to start the year. A big driver for the … Continue reading
Italy will respect all budget commitments The Italian PM is speaking at a conference in Florence.
Speaking on tv in Rome, the bunga bunga man says he accepts the punishment handed down to him whereby he got community service at an old folks home. Although he says the conviction for tax fraud is unfair, “I was … Continue reading