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@ Some bloke & UK trader Apparently the decree refers to a "convention" between the Treasury and the Central Bank dated March 22, 2011 and to a decree dated July 29th, 2011 on that convention. I couldnt find the convention, but in the preamble of the July 29th decree, there is written the following: "GIVEN THE CURRENT MARKET ENVIRONMENT, which imposes a liquidity management 'based on criteria of prudence, and the consequent need to carefully assess the levels of risk and the costs' of the Ministry of operations in the money market..."
There are some interesting reports in the media over the weekend, speculating that the IMF is preparing a super package for Italy, rumored to reach €600 billion.
Silvio Berlusconi, the Italian prime minister, is struggling to tackle the country's debt, but businessman Giuliano Melani has suggested that ordinary Italians could pay for it out of their own pockets.
Après les gouvernements portugais et irlandais emportés par la crise de leur dette souveraine, le Président du Conseil italien Silvio Berlusconi va-t-il rendre lui aussi son tablier ?
After so many centuries, the secret door sticks a bit. But it still exists, hidden behind an image of Italy in the "Hall of Maps" of Florence's Palazzo Vecchio. "Eccolo," says Francesca, the custodian.
Eating out in Rome: While there's still a dolce vita in Italy, anger is growing among young people. Photograph: Look Die Bildagentur Der Fotogra/Alamy On a bright Sunday morning terrace on the Piazza San Domenico – smartly turned-out Neapolitan families strolling animatedly past on their way home from mass, a clown entertaining the children on the Via Benedetto Croce – Gia Caglioti isn't mincing her words.
Le gouvernement de Silvio Berlusconi a obtenu ce mercredi la confiance à la Chambre des députés pour son plan d'austérité. Quelques heures plus tard, le parlement italien a voté l'approbation finale de ce plan destiné à sortir le pays de la crise. 316 députés ont voté la confiance tandis que 302 ont voté contre.
L’une se soumet aux demandes de rigueur de l’Allemagne et de la BCE, l’autre tergiverse, empêtrée dans ses jeux politiques.
After Berlusconi was scolded by everyone, but most importantly by backstop solvency provider ECB, for his bull in a China shop maneuver of the first, now defunct, Italian Austerity plan, here are the details from the next, soon to be gutted "Austerity", which readers may be forgiven, if they take it with just a grain of salt.
4 August 2011 Last updated at 09:30 GMT
La péninsule n'est pas la pire économie de l'UE, mais sa dette publique et sa faible croissance en font une cible pour la spéculation.
Depuis vendredi dernier, la crise de la dette menace de se propager à l'Italie.
Pierenrico Martino, 30, says he moved to London from his native town of Treviso because Italian society is very 'shut off'. Photograph: Linda Nylind for the Guardian Pierenrico Martino is scarcely your typical economic migrant.
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