Italy Archive
Bank of Italy Urges Banks to Retain Earnings, Preserve Capital
Another deflationary demand leakage: Bank of Italy Urges Banks to Retain Earnings, Preserve Capital March 15 (Bloomberg) — Italian banks should retain earnings and cut bonuses to boost their capital as the country’s longest recession in 20 years undermines lenders’ profitability, the Bank of Italy said. Banks are not allowed to pay
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Italian article this am
Banking, Currencies, EU, Financial Times, Germany, Government Spending, Greece, Inflation, Italy
Nov 26, 2012
Misrepresents what I say a bit, but they do have my picture next to JFK! ;) The IMF: sovereign currency, no longer the monopoly of the banks Eliminate the public debt of the United States at once, and do the same with Great Britain, Italy, Germany, Japan, Greece. At the same time
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CNBC’s John Carney on Krugman and MMT
> > (email exchange) > > On Sat, Nov 12, 2011 at 2:19 PM, Stephanie wrote: > > John Carney loving on us again Yes! Paul Krugman Goes MMT on Italy By John Carney November 11 (CNBC) — It seems pretty clear that the school of thought known as Modern Monetary Theory has made a
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Marshall Auerback’s Euro Update Video
Marshal Aueback says: My latest attempt to explain it all. Is the ECB Europe’s Last Hope?
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Merkel comments
Employment, EU, Germany, Italy
Nov 10, 2011
*DJ Merkel: “Euro Zone Solidarity Must Be Combined With Sound Budget Measures” To make sure unemployment never comes down and unit labor costs stay down. *DJ Merkel: Italy Will Put Through Planned Austerity Measures Soon Also to make sure unemployment never comes down and unit labor costs stay down.
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Talk still cheap – ECB writes the check again
Lots of talk, particularly from Germany about the ECB not writing the check, due to (errant) inflation concerns. But to no avail. In fact, with the Rubicon crossing decision to haircut Greek bonds 50% for the private sector’s holdings, expect the check writing to continue to intensify. And expect economies to continue
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For BTPS & SPGBs all inter dealer screens have gone blank
As previously discussed, it’s hard to see how anyone with fiduciary responsibility can buy Italian debt or any other member nation debt after EU officials announced the plan for 50% haircuts on Greek bonds held by the private sector. Yes, all governments have the authority, one way or another, to confiscate an
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News recap comments
The news flow from last week was so voluminous it was nearly impossible to process. For good measure I want to start today’s commentary with a simple recap of what happened. On the negative side – · Greece called a referendum and threw bailout plans up in the air taking Greek 2yrs
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Berlusconi Insists Italy’s Economy is Prospering
Berlusconi insisted that Italy’s economy was broadly prospering. “The restaurants and vacation spots are always full, nobody thinks there is a crisis,” he said.
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Blog Comment on Italy
Currencies, EU, Italy
Nov 04, 2011
This was recently posted by a reader: I’m from Italy so I can answer your question. The general and most accepted ideas in Italy are: “The problem is president Berlusconi.” “We need structural reforms!” (In every pub people love to say that, to feel themselves intelligent, the same that are in precarious
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