Wednesday, 4 April 2012

Aiutami Mummia

You can't beat austerity. Such a wonderful tool to spur economic growth and prosperity.

Markit/ADACI Italy Services PMI

Key points:
  • Output and new business both decrease rapidly
    over the month
  • Employment levels fall solidly
  • Petrol price increases maintain high cost
Italy is going to enter a depression, the likes of which even nonna never saw.

Read the rest in the link.

Remember Italy, like Spain, is too big to fail.

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