Europe’s periphery-nation bond rally is giving Italy a free pass, raising concern that the pressure for reforms will dissipate.
Spain’s zombie developers are finally about to die.
Spanish household spending grew in the three months through September for the first time in six quarters, helping end a two-year recession amid continued export growth.
Elisa Dalbosco says she lost her job when it came time for her former employer, a refugee shelter in northern Italy, to either offer her a permanent contract or let her go.
Italian Prime Minister Enrico Letta’s deputy finance chief expressed confidence in overcoming Silvio Berlusconi’s challenge, saying the former premier’s faction in parliament is splintering.
Italy’s joblessness rose more than economists forecast in April to the highest in 12 years amid a deepening slump in Europe’s fourth-biggest economy.
Italy’s government is on the verge of collapse and two of its most senior executives have lost the confidence of shareholders. Thanks to Mario Draghi’s promises, bond investors see the turmoil as more of a blip than a crisis.
Italian business confidence rose for a second month after a recession eased in the third quarter and the nation’s borrowing costs declined.
Spain’s underlying inflation slowed in February as the economy suffered its second recession in as many years and the government tried to rein in the euro area’s fourth-largest budget deficit.
Spanish homeowners will face higher mortgage repayments after the benchmark rate for loans last month posted its first annual gain since October 2008.
"Although the financial markets are accustomed to dysfunctional and unstable Italian politics, the latest bout of renewed tensions is unwelcome at a time when Italy remains entrenched in a severe and prolonged economic downturn."
- Raj Badiani on Sep 30, 2013