Danmark

13. juni 2012

Pressure Mounts for Italy’s Monti


By STACY MEICHTRY

ROME—Prime Minister Mario Monti’s honeymoon is over.

“Italy’s return to the cross hairs of the euro-zone debt crisis has ratcheted up pressure on Mr. Monti to accelerate his turnaround of the country’s moribund economy. But the effort is running up against a rising tide of discontent at home.

Mr. Monti has passed austerity measures including tax increases and an overhaul of Italy’s pension system since taking office in November, garnering widespread praise from investors and world leaders.

In recent days, however, the aura surrounding Mr. Monti has faded as investors and lawmakers at home take a hard look at unfinished items on the agenda—an overhaul of the labor market, cuts to government spending and plans to modernize the justice system…”

19. april 2012

DET GÅR FORTSAT DEN FORKERTE VEJ I EUROPA – SOM FORUDSET

Filed under: Economics, Europa, Europe, folkeskolen, Free Speech, Science, skoler — Tags:, , , , — Therese @ 15:38

Europe’s Rescue Plan Falters

Europe’s bold program to defuse its financial crisis by injecting cash into the banking system is running out of steam.
Bad Loans Soar in Spain
Italy Won’t Balance Budget

13. september 2011

Italian Bond Auction Spells More Trouble


September 13, 2011 — 12:15 p.m. EDT

Italian Bond Auction Spells More Trouble

“Troubles increased for Italy after its closely watched auction of government bonds met with tepid demand and the country had to fork out higher yields to lure buyers, fueling concerns that a Spanish bond sale on Thursday may also prove to be a tough sell…”

11. juli 2011

Uro på europæiske aktie- og obligationsmarkeder – Grækenlands gældskrise smitter måske Italien og Spanien


Aktie- og obligationskurserne falder og højere obligationsrenter betyder det bliver endnu vanskeligere og dyrere at låne.

Den tyske finansminister Wolfgang Schaeuble sagde i dag “der er ingen debat overhovedet” om at fordoble virkningen af den Europæiske Unions rednings-instrumenter efter at avisen Die Welt (socialdemokratisk) i går meldte, at den Europæiske Central Bank vil forøge rednings-instrumenternes styrke til 1,5 trillion euro for at dække den italienske krise.

Italien har en obligationsgæld på 1,6 trillioner euro, den tredjestørste efter USA og Japan. De italienske obligationers kursudvikling ryster Tyskland.

Fortidens nælder: 

Vi husker kursen på bl.a. Lire mod Euro blev fastsat i 1999 nærmest med bind for øjnene – og meget få almindelige mennesker i Europa havde ikke kendskab til den mangeårige lire-udstedelses-tilbøjelighed og dens aktørers trafik – det fremgik også med al ønskelig tydelighed af valutakursen. Spekulationen skulle nu tilmed foregå  i alle de 12 første eurolandes valutaer i tre år indtil 1. juli 2002, hvor de nationale valutaer endelig afskaffedes. En valutareform, hvor man angiver datoer for de forskellige tiltag, og samtidig i princippet bevarer den nationale valutasuverænitet i en tre-årig overgangsperiode, kan kun laves af politikere uden nogen særlig indsigt, af virkelighedsfjerne teknokrater eller af forrædere. Sådan skrev vi i 1999, og vi gentog det i 2006.

Nu sker det, vi sagde ville ske.

…………………..

Excerpt from: http://www.bloomberg.com/news/2011-07-11/european-stock-index-futures-drop-on-italy-debt-concern-china-inflation.html

“European stocks tumbled the most in seven weeks, led by banks and insurers, as contagion from Greece’s debt crisis threatened to spread to the bigger economies of Italy and Spain…”

[…]

“National benchmark indexes declined in all 18 western European markets today. Germany’s DAX lost 2.3 percent and the U.K.’s FTSE 100 fell 1 percent. Portugal’s PSI-20 Index plunged 4.3 percent and Spain’s IBEX 35 sank 2.7 percent. Italy’s FTSE MIB Index slid 4 percent, bringing the retreat since February to 21 percent.

UniCredit, Italy’s biggest bank, tumbled 6.3 percent to 1.15 euros. Intesa Sanpaolo, the second-largest, plunged 7.7 percent to 1.53 euros as it was downgraded to “neutral” from “overweight” at HSBC Holding Plc…”

22. januar 2009

In Italy, crisis sparks strike, protest


From http://www.thetimes.co.za/Business/BusinessTimes/Article1.aspx?id=904377

“ROME – Hundreds of thousands of people braved rainy weather across Italy in support of a nationwide strike to protest the government’s handling of the country’s economic crisis.
The strike call by the left-wing General Confederation of Italian Workers (CGIL) union federation drew tens of thousands to the streets of Rome, where one banner read: “Pay for the Crisis Yourselves.”…”

Sonia

As we see it, Italy is in the Euro-Zone???

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