Italy needs to overhaul its crony labour markets which penalise the young and inhibit long-term growth. But trying to claim that the present deep recession is a consequence of that long-standing macro dysfunction doesn’t add up.
This is Germany. Solid, steady Germany. The team who was set to end the reign of Spain as they built methodically on the foundations laid over the the last three major tournaments.
Investors have good reason to be sceptical that the new Italian leader can resurrect his country’s economy
Where once there was a host of German superstars gracing the stadiums of Serie A, Klose, who scored 16 goals for Lazio last season, including a 93rd minute winner in the Rome derby, is now the sole representative of the Nationalelf in Italian club football.
In its build up to last Sunday’s Euro 2012 quarter final between Italy and England, the Italian daily La Gazzetta dello Sport dedicated that day’s cartoon to national team striker Mario Balotelli, depicting him as King Kong mounting Big Ben, rather than the Empire State building, from where he swatted away footballs fired in by the English.
Yesterday the USA travelled to Genoa and beat Italy 1-0. It was the first time Team USA had beaten the four time World Cup winners. The goal scorer was Clint Dempsey.
Germany does not share the economic pain of the likes of Greece and Spain and thus does not feel the urgency of the situation.
If, like myself, you leave a lot to be desired in the kitchen but would certainly like to attempt to impress others with your culinary skills, you might find an answer in the form of Gourmet on Tour. They offer tailored culinary experiences from France to Morocco, and I was fortunate enough to take a trip to the picturesque area of Vorno in Italy.
A worrying development in Honduras echoes anti-democratic trends in Italy and Greece, whereby technocracy is usurping popular rule.
Honduras has long been one of the poorest countries in the western hemisphere. A year ago, the National Party, with support from the opposition Liberal Party, decided to form the Región Especial de Desarrollo (RED), or Special Development [...]
The head of the Bundesbank, Jens Weidmann, clearly believes that bond market investors see the world exactly as he does. It is a world in which market storms would abate if countries would only enact reforms to reduce their debt and deficits.
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