June 15 2012

Europe’s darkest cloud hangs over Italy

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If borrowing rates in Italy continue to rise, it would need extraordinary help from the ECB to keep its debt market from collapsing — a move that could destroy the euro.

Europe’s darkest cloud hangs over Italy

June 13 2012

Italy faces key bond test

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The Italian government sold 6.5 billion euros of 1-year notes at an average yield of 3.97%. That’s sharply higher than the 2.34% yield at last month’s auction and may signal further trouble ahead.

Italy faces key bond test

June 13 2012

Bailout 5.0, Italy Needs Financial Aid Too

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Austria’s Finance Minister drops the bomb on Italy and the rest of Europe by admitting the unthinkable; Italy needs a bailout. Predictions the euro would become the world’s reserve currency never looked …

Bailout 5.0, Italy Needs Financial Aid Too

April 17 2012

IMF sees Italy missing budget deficit targets

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The International Monetary Fund is predicting that Italy will miss its budget deficit targets this year and next and won’t balance its budget until at least 2018 — some five years later than government …

IMF sees Italy missing budget deficit targets

April 11 2012

Spain and Italy in bond market crosshairs

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Smoldering worries about the debt crisis in Europe have flared up again in global financial markets with Spain and Italy feeling the heat.

Spain and Italy in bond market crosshairs

January 30 2012

Carnival alters forecast after cruise ship tragedy

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Carnival Corp. reversed its 2012 forecast to a loss Monday, blaming the fatal accident of a cruise ship off the coast of Italy earlier this month.

Carnival alters forecast after cruise ship tragedy

January 27 2012

Italy, Spain downgraded by Fitch

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Fitch downgraded the sovereign debt ratings Friday of five European countries, with Italy and Spain taking the biggest hit.

Italy, Spain downgraded by Fitch

January 27 2012

The great Mediterranean executive migration

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Given the troubles in the eurozone, it’s little wonder that the number of executives in Greece and Italy seeking jobs elsewhere in the world is rising. According to the Cyprus-based firm One Hour Translation, the volume of résumés it translated from Greece and Italy rose sharply last year — by 29% and 54%, respectively. The majority of the job applicants wanted their résumés translated into English or German, presumably because that’s where the high-paying jobs are. The question is, If these job aspirants have such lousy language skills that they need their résumés translated, how do they hope to get through an interview, let alone work in these other countries?

The great Mediterranean executive migration

January 13 2012

Lure to leave the euro may prove irresistible

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Greece, Italy, and the other embattled euro zone nations may need to start looking out for themselves and consider leaving the euro.

Lure to leave the euro may prove irresistible

January 12 2012

Investors gain confidence in Europe

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Things are looking up in Europe, at least for now, as borrowing costs in Italy and Spain eased Thursday following strong debt auctions.

Investors gain confidence in Europe