Posted by WARREN MOSLER on June 27th, 2012
Another glimmer of hope in a June number that deficits are sufficient for stability:
Italian Business Confidence Unexpectedly Rises to 88.9 in June
June 27 (Bloomberg) — Italian business confidence unexpectedly rose in June from the lowest level in almost three years. The manufacturing-sentiment index rose to 88.9, from a revised 86.6 in May, the lowest since August 2009, Istat said. Istat originally reported a May reading of 86.2.