Italy is feeling the pinch. Not only is its economy still struggling amid the European debt crisis, but factors from politics to competition from China, within its very shores, are complicating its problems.
Sovereign Debt: Emerging Markets and Developed Nations
Optimism may be surfacing in the Eurozone, and many officials may have backed off their original tough stance on austerity, but Greece is still battling its debt demons.
The Global Tax Climate Is Changing
In times of austerity, every dollar counts—and so do uncollected dollars.
Eurozone Falls Back in Recession for Q3
Italy, Spain and the Netherlands all saw their economies shrink, while Greece has entered a full-scale depression. Even Belgium saw its economy stagnate. And many blame unrelenting insistence on tough austerity policies for the depressing news.
Anti-EU British Lawmakers Demand EU Budget Cut
Rebels within Prime Minister David Cameron's own party have backed a Tory amendment introduced to make him negotiate a budget cut from the EU.
Eurozone Economic Sentiment Lowest in 3 Years
German unemployment worse than expected, Spain continues to contract.
RBS Jilted as Santander Rejects Branch Deal
Royal Bank of Scotland Group Plc was left standing at the deal altar late Friday after Spain’s Banco Santander abruptly pulled the plug on the deal after winning an auction to buy 316 RBS branches.
Spain in Mind as Eurozone Brings ESM Online
The European Stability Mechanism, the permanent rescue fund of the eurozone, goes into operation on Monday in anticipation of Spain’s potential need for a bailout.
EU Group Calls for Firewall on Risky Investment Banking
An EU advisory group said that the risks of investment banking should be separated from retail banking activities as a means of protecting depositors and taxpayers.
Greece’s Budget to Frontload Cuts
A government official has said that the Greek draft budget frontloads cuts to return the country to a surplus in 2013, but at the cost of shrinking its economy for a sixth straight year.