Emilia Romagna News
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European stocks declined from a 4 1/2-year high, as European Union leaders eased constraints on national budgets amid a deepening euro-area recession, and confidence among American consumers unexpectedly slid in March.
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Europeans and Americans, linked by shared cultures and centuries of history, are about to face off over some of the toughest issues that divide them: cheese, wine, foie gras and steak.
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Italy’s strongest earthquakes in three years and more than 1,800 aftershocks are deterring tourists in the peak summer season, compounding a slowdown in the industry as Europe’s economy stagnates.
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Banca Popolare dell’Emilia Romagna Scarl, Italy’s seventh-biggest bank, said profit may rise 47 percent by 2014 on lower costs and efficiency gains.
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Until June I had never ordered a bottle of lambrusco in Italy. With memories of those sweet, fizzy, soda-like imports of the 1970s like Riunite Lambrusco (“Riunite on ice -- so nice!”), I had no interest in revisiting such wines, even in Emilia-Romagna, where lambrusco is made. (For the record, Riunite, now about $6 a bottle, still sells a million cases a year in the U.S., more than any other import.)
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Thousands of survivors of the earthquake in the Italian region of Emilia Romagna sought relief in tent cities as rescue workers surveyed the damage from the trembler that killed seven and injured dozens more.
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Italy was struck by a 5.8-magnitude earthquake that killed at least 15 people in the northern region of Emilia Romagna, the second fatal temblor in the country this month.
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Nestled in the hills of Tuscany, Banca Monte dei Paschi di Siena SpA, the world’s oldest bank, once hosted shareholders with its own vintage Chianti and mounds of beef brisket.
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Prime Minister Mario Monti’s government extended a state of emergency after two fatal earthquakes in northern Italy and will raise gasoline taxes, Europe’s highest, to help fund quake relief.
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Prime Minister Mario Monti abandoned a NATO summit and returned to Italy yesterday to lead his government’s response to a fatal earthquake and attend the funeral of a 16-year-old victim of a terror bombing.
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