The EU leadership is trying to contain a crisis that is emerging at increasing speed: this challenge comprises the rise of contumacious states (i.e. the UK, Poland, Hungary and Italy), or of defiant, historic 'cultural blocs' (i.e. Catalonia)
"It's still straightening," said engineer Roberto Cela, gazing at the Leaning Tower of Pisa gleaming in the autumn sunshine of northern Italy. "And many years will have to pass before it stops."
Goldman Fears Italy Capital Flight Looms
The eurozone's third-largest economy, Italy, is marooned in a deep political and economic crisis, with seeming endless problems: an economy that has barely grown in decades, sky-high unemployment rates, ballooning national debt, an inability to for
Gamma Ray Bursts, El-Erian on market disruption, Tech Stocks and Italy Bonds. "I've always admired Capital Mainwaring." [I don't!]
Italy is to introduce an obligatory delay between Italian films screening in cinemas and being shown on streaming services like Netflix, in a bid to protect its domestic film industry.
Earlier today, Italy told the EU where to go with it budget demands. Expect the EU to huff and puff.
Update: Picking a perfect moment to prove Fitch's point, Bloomberg reports that the Italian government may call a vote of confidence in the Senate on the migration measures.
Eurozone growth slows to 0.2%, a four-year low as Italy stagnates. CEBR says risks of a global recession have risen.