New Italian Government: Will Promises Pay Off for Investors?
The new prime minister, Matteo Renzi, has made big promises for the Italian economy, but delivery may be difficult.
Vatican Bank Faces Uncertainty in Wake of Scandals
Failure to heed international regulations on money laundering and corruption can be hazardous to a bank’s health, even if your bank is called the Institute for the Works of Religion, aka the Vatican bank.
Italy, Spain Resist ECB Requirement
Neither Spain nor Italy is prepared to ask the European Central Bank (ECB) for aid in order for the ECB to begin buying their countries’ bonds. At least not yet.
Dithering Deepens, Spreads Eurozone Crisis
Calls for action seem to be everywhere throughout the eurozone with the exception of Germany, where Chancellor Angela Merkel’s insistence on adhering to austerity is increasingly isolating her from the rest of the region.