Silvio Peruzzo News
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Italy’s economy shrank more than initially reported in the first quarter and French industrial confidence stalled in May, as the euro area struggled to emerge from a record-long recession.
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Former Italian Prime Minister Silvio Berlusconi renewed his campaign partnership with the Northern League party, strengthening his chances in the Senate and pressuring his chief rivals to forge an alliance of their own.
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Italy’s Pier Luigi Bersani, the front-runner to succeed Prime Minister Mario Monti, wants markets to know he has fully abandoned the Communist allegiance of his youth.
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Spain’s banks face more loan losses as the pace of an economic slump risks turning a worst-case scenario dismissed in stress tests into reality.
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Manufacturing growth is slowing from China to Europe, creating a dilemma for central bankers considering higher interest rates to combat inflation.
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Greece’s plan to raise billions of euros from state-owned land may fail if the government succumbs to pressure to keep assets in public hands, according to Miltos Kambourides , managing partner at Dolphin Capital Partners .
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Luxembourg Prime Minister Jean- Claude Juncker, Europe’s most seasoned politician, was either making up policy on the hoof or had blurted out a decision that was supposed to be secret.
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Italy’s banks, led by UniCredit SpA, fell in Milan trading as the political uncertainty ahead of the country’s elections drove the spread between Italian and German government bond yields higher for a fourth straight session.
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The Bank of Japan may have acted first in a round of central bank action to prop up the global economy as recoveries in industrial nations falter.
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German business confidence unexpectedly fell to the lowest in more than 2 1/2 years in October as the sovereign debt crisis damped growth in Europe’s largest economy.
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