Italy

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Barclays: “Italy's net financing needs for 2012 are really short, about €35bn”

Berlusconi’s resignation and Mario Monti’s designation have had an unenthusiastic impact on the European stocks, Barclays notes. “A positive welcome at the beginning has been followed by a general fall of all indexes, including Milan which had increased about 25 early yesterday in the morning. The political change did not help the 5-year bond auction either, because the Italian Treasure issued €3bn at 6.29%, the highest rate since 1997. After…


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Barclays: “Italy’s net financing needs for 2012 are really short, about €35bn”

Berlusconi’s resignation and Mario Monti’s designation have had an unenthusiastic impact on the European stocks, Barclays notes. “A positive welcome at the beginning has been followed by a general fall of all indexes, including Milan which had increased about 25 early yesterday in the morning. The political change did not help the 5-year bond auction either, because the Italian Treasure issued €3bn at 6.29%, the highest rate since 1997. After…


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What the Italian media says about Berlusconi's vows

Il Sole 24 Ore “We are at the center of the world's storm, but we can quickly recover. Italy today needs international credibility; it needs people who know the language of markets and of States and who know how to speak to Countries of the euro area but also to Switzerland, the United Kingdom and Obama's United States as well as to the “new rich” countries of the world, starting…


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What the Italian media says about Berlusconi’s vows

Il Sole 24 Ore “We are at the center of the world's storm, but we can quickly recover. Italy today needs international credibility; it needs people who know the language of markets and of States and who know how to speak to Countries of the euro area but also to Switzerland, the United Kingdom and Obama's United States as well as to the “new rich” countries of the world, starting…




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Italy, under surveillance. Berlusconi, record-less

Italian Prime Minister Silvio Berlusconi will have to postpone again the release of his next love songs record, titled True Love, after the third European economy has been forced to accept a surveillance action by the IMF and the EU during the introduction of the country’s reform plan. Italy has committed itself to perform a work reform, relax the restrictions on the corporate sector, change the age retirement from 65…