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Crazynomics

One of my Banking and Finance Master students at the Il Sole 24 Ore business school where I teach made a comment which got me thinking.  What he said was that in times of crisis, high interest rates do not make any sense at all.  You know, I think he has a point. Normal investment […]

Curious Anti-Crisis Measures

Italy’s crafty politicians have come up with a mighty curious anti-crisis package. So curious that one Italian economist has worked out that said package will do little more than bolster government coffers.

Sub-prime crisis Italian style? Part 2

A short time ago I wrote about an interesting conversation I had with a union rep while I was down at the 442 pub. This guy told me about the number of people who were struggling to meet mortgage payments. Well, guess what? Mario Draghi, the current head of the Bank of Italy, has made […]

Sub-prime crisis Italian style?

By now, most of the world has heard of the crisis in the sub-prime mortgage market in the United States. Many will also know about what appeared to be the near collapse of a major British lending institution, the Northern Rock. But what about the possibility of a similar crisis occurring in other countries, Italy […]