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Italy’s Economic Outlook – Internal Demand to Drive Italy’s Recovery

ISTAT, Italy’s official statistics bureau published its economic outlook for Italy today. The figures for 2015 and 2016 appear to be rather optimistic, perhaps too much so. One imagines the statisticians who created the GDP forecasts are assuming the reforms Italy’s government is slowly pushing though the country’s parliament will have some effect. According to the […]

An Overview of Italy’s Proposed €36 Billion 2015 Budget Package

If it actually materialises, Italy’s government plans to implement a package worth €36 billion in an attempt to kickstart the nation’s stagnant economy. If all goes according to plan, around 800,000 new jobs will be created over the next 3 years, or that is what Economy Minister Padoan hopes will happen. While the cost of the manoeuvre […]

What You Need to Know about Italy’s Jobs Act

The Senate in Rome is debating Premier Renzi’s Jobs Act. There is some doubt about whether the reform will pass in its present form or if some modification will be made. The Jobs Act is a central platform of Renzi’s Italy reform program that also includes, judicial, electoral, bureaucratic and constitutional reforms. There is universal agreement […]

The Grim Shadow of Default Looms Large Over Italy

italy GDP 10 Year Moving Average

Economically, 2014 is unlikely to be a good year for Italy; nor, for that matter is 2015. Adding to the grim prospects is the shadow of Italy defaulting on its debts. At record levels, Italy’s national debt is still climbing and the upwards trend is not yet showing any signs of reversal. Italy is not […]

Italy – More Announcements, A Spat with a Finn, and Unhappy Teachers

Italy flag

In the wonderful world of Italian politics, last week was hectic. As usual though, not much was achieved. Here’s a round up of some of the more noteworthy happenings. While it’s mostly grim, this summary of goings-on in Italy does end on a positive note. That Italy’s government is short of cash is no secret, […]

An Overview of the Uninspiring Unblock Italy Package

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After much trumpeting, endless promises and spin, Italy’s magnificent and supposedly well-worth waiting for Unblock Italy Economic stimulus package has turned out to be nowhere near as magnificent as promised. Italy’s King of Spin, otherwise known as prime minister Matteo Renzi, announced grandly that the Unblock Italy package would miraculously solve all of Italy’s problems and get the economy […]

Italy Spins and Delays on Education and Economic Reform Fronts.

italy GDP 10 Year Moving Average

This Friday, August 29, was supposed to have been the day when the details of the much trumpeted Unblock Italy economic stimulus package came to light. Hours away is a meeting during which the cabinet of Italy’s Renzi government was to have begun considering the proposed measures. Only, according to Italian daily La Repubblica, a “large part” […]

Which Way Now For Italy?

Trying to understand just which way Italy is going to head now is not at all easy. In theory after the recent revelation that Italy’s economy has slipped into yet another recession – its third, incidentally, one might expect Italy’s premier Renzi to change tack. Whether Renzi will remains to be seen though he will have […]

Grumbles Coming from the Tummy of Italy’s Government

Heading in a better direction?

On top of Italy’s huge national debt problem, the dire state of the nation’s economy and zero signs that Italy’s Prime Minister Matteo Renzi will change his ‘spin, delay, and pray’ approach to running Italy, there are indications that all is not well within Renzi’s cabinet. Rumours of now former Renzi right-hand man Graziano Delrio wanting out are […]