Spain’s zombie developers are finally about to die.
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.
Europe’s periphery-nation bond rally is giving Italy a free pass, raising concern that the pressure for reforms will dissipate.
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.
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 business confidence rose for a second month after a recession eased in the third quarter and the nation’s borrowing costs declined.
Spanish home mortgage approvals rose in March for the first time in almost four years, adding to signs that the property market is stabilizing six years after triggering the worst recession in the country’s democratic history.
"The failed nine Italian banks confirms the country's banking sector faces significant challenges. Italian banks need to address their capital shortfalls by forgoing dividend payouts, selling assets and cutting costs even considering some consolidation across the sector."
- Raj Badiani on Oct 26, 2014