Italia


Justice For Materazzi

At the time I had some discussion with an Algerian friend of mine who said that Zidane should have killed Materazzi for that comment as this is the worst kind of insult you could direct at an Algerian. … So it turns out that Materazzi did not say anything of the sort, instead saying that he preferred Zidane’s sister to the French captain’s offer of his shirt, which Materazzi was pulling at a corner.

Roberto Saviano - One Brave Man

I just saw an interview on CNN with Roberto Saviano, author of a book called Gomorrah about the Naples Mafia.
The book has sold over 1 million copies worldwide and has now been made into a film, just shown at Cannes.
Roberto himself is getting a lot of coverage including the Independent and Guardian in the UK [...]

Italy Will Be In Recession For Two Years

The ghosts of the past will haunt the Italian economy until at least the end of 2009, according to the IMF.
Italy’s lack of structural reform and powerful union movement will result in Italy’s economy being the second-weakest in the Euro zone after Ireland.
It has long been known that the Italian employment regulations have held it [...]

Less Than 24 Hours Before UniCredit Admits The Truth

Well, I knew it would be the case but I expected that my post of yesterday would take at least 24 hours before proving to be correct!
Reuters is now reporting on a high level meeting in Italy where UniCredit has asked for a cash injection from the government.
So why would Alessandro Profumo profess the Italian [...]

Famous Last Words - “The Italian banking system is absolutely solid”

In the kind of statement that turns to folly days later, the CEO of Italy’s UniCredit has stated that “The Italian banking system is absolutely solid”.
So far Italy’s state within the current financial meltdown is unclear (as you might expect) but when a bank CEO comes out with such a statament, it raises more questions [...]