And then there were two. Sunday's showpiece European Championship final in the Ukrainian capital Kiev pits holders Spain against Italy, between them the winners of the last two World Cups. full story ![]()
Small companies struggling to repay loans in Italy and Spain signal bigger problems on the horizon for the euro zone.
cnbc.com (1 month and 26 days ago)
MILAN/MADRID (Reuters) - Small companies struggling to repay loans in Italy and Spain signal bigger problems on the horizon for the euro zone after the dust has settled on Cyprus's last-ditch bailout this week.
reuters.com (1 month and 26 days ago)

Sky's Economics Editor believes Spain has more pressing problems as the Italian election threatens a resurgent euro crisis.
sky.com (2 months and 28 days ago)
With Rajoy quietly gloating at his political fraud being off the front-pages thanks to Italian elections, it seems the more we dig into Italian reality, the weaker the story becomes. The meme of the last few years has been that "at least we're not as bad as Greece" and rightly so, for as Bloomberg's Niraj Shah notes today, Greece's poverty rate is a stunning 31% (against...
zerohedge.com (2 months and 25 days ago)
Via Pater Tenebrarum of Acting-Man blog, A Record Amount of Bad Loans A recent study by Ernst & Young has revealed that euro-land banks in the aggregate now hold € 918 billion ($1.23 trn.) in non-performing loans (7.6% of all loans outstanding). E&Y sees about 15.5% of all loans in Spain and 10.2% of all loans in Italy as likely to be in NPL status (this exceeds the...
zerohedge.com (3 months and 8 days ago)
If one looked at the EURUSD exchange rate or US equity futures one could be forgiven for thinking things did not go so well in Italy's election. The former is fading quite rapidly from its overnight exuberance and the latter is stable at pre-FOMC levels. However, a glance at the initial exuberant, nothing can stop us now, Italian (and Spanish) bond and stock markets and it...
zerohedge.com (2 months and 29 days ago)
How much lower do you think the euro is today relative to its levels of three and six months ago, given the results of Italy’s elections earlier this week—which have been described as the “worst possible outcome” for Italy in particular and the euro in general?
marketwatch.com (2 months and 27 days ago)
The European Commission blamed rising labor costs and high debt for sapping competitiveness in France and Italy, and also cited Spain and Slovenia for structural imbalances.
nytimes.com (1 month and 13 days ago)
Authored by Mint's Bill Blain, European GDP and Spain – where it’s going? Europe Q4 GDP declines 0.6%, and economy contracts 0.9%. No one should be surprised at the latest disappointing European GDP numbers, but they hide important trends – Germany’s Q4 0.6% GDP drop was worse than expected, although the expectations remain for growth later this year. France is going to miss...
zerohedge.com (3 months and 9 days ago)
Feb.26 - Spain's Economy Minister tells Reuters Italy's deadlock does not put Spain closer to an Outright Minetary Transaction program. Rough Cut (no reporter narration).
reuters.com (2 months and 28 days ago)
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