Each day 134 retail outlets close in Italy
If anyone is still not convinced that surging stock bourses in Europe are indicative of anything more than central bank liquidity, carry trade allocationand localized asset bubbles, we present a...
View ArticleBerlusconi sentenced to 7 years jail for having having paid sex with a minor
Former Italian Prime Minister Silvio Berlusconi has been sentenced to seven years in prison for abuse of office in a sex-for-hire case. Although the court banned him from holding office, the ruling...
View ArticlePolice raid major Italian football clubs in money laundering probe
Italian police have seized documents from Italian and foreign clubs, including 18 in the top league, as part of an investigation into tax evasion and money laundering involving player transfers,...
View Article‘9/11 was an inside job’: Italian MP in parliament
An Italian MP has described the 9/11 terrorist attacks, in which around 3,000 people were killed, as “an inside job” and slammed the official version of events as a “conspiracy”. Paolo Bernini, an MP...
View ArticleTwo men caught with $4.1 trillion worth of fake bonds at Vatican Bank
Police have caught two men allegedly trying to deposit trillions of fake euro bonds in the Vatican bank. A middle aged American and a Dutch citizen approached the main gate of the Vatican on March 11...
View ArticleItaly’s public debt hits new record high
The amount of public debt racked up by the eurozone’s third largest economy reached a new record of €2.2 trillion in May, up by €23.4 billion in a month, the Bank of Italy said on Tuesday. The hike was...
View ArticleItalian banks are going bust
Italian banks face some big problems. The thing is they are pretty much the same as last year. Shares in Italian banks have slumped this year, amid fears that lenders need more capital to manage losses...
View ArticleItalian PM Matteo Renzi resigns after ‘crushing’ referendum loss
Italian Prime Minister Matteo Renzi vowed to resign after suffering a crushing defeat in a referendum on constitutional reform, tipping the euro zone’s third-largest economy into political turmoil. His...
View ArticleItalian banks are on the brink of collapse
There’s an old saying: “What’s sauce for the goose is sauce for the gander.” The meaning is obvious — if you insist on something for others, you have to be prepared to hold yourself to the same...
View ArticleItalian government to bail out two more banks for 5.2bn euros
Italy’s government is bailing out two banks in the Venice region at a cost of 5.2bn euros (£4.6bn; $5.8bn). The move comes two days after the European Central Bank warned that Banca Popolare di Vicenza...
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