Italy

Analysis: Are Americans really shopping until they drop? | Reuters One glance at the numbers for the first big weekend of holiday shopping and you might think Americans are flush with cash and spending it freely. But a deeper…

Sean Egan, president of Egan-Jones Ratings Co., talked to Bloomberg Television yesterday about the agency's decision to cut Italy’s credit rating to BB from BB+. The rationale is simply that public debt in Italy is growing while GDP is not.…

What is becoming clearer to almost everyone is that this is now no longer simply a Euro periphery sovereign debt crisis. It has become a full blown crisis of confidence in the Euro itself.

Foreign-language news for 27 November 2011

Editor’s note: the IMF musings would be difficult politically, especially in the US. And any deal for Italy would also have to involve Spain too. However, Perhaps most important, operationally, the ECB lending to the IMF, which then lends…

There have been several important developments over the weekend which are likely to support the euro at the start of the week, after falling for the past four consecutive weeks and recording a 7-week low before the weekend. However, I…

“It is categorically not true,” said a spokesman from the party, which is led by Mariano Rajoy. The spokesman was commenting on a report by Reuters on Friday that the PP had discussed plans to seek a rescue package. -Spain 'will not…

According to Austrian daily Der Standard, Italy is to receive a 600 billion euro bailout courtesy of the IMF. Note: the article has what I assume to be a typo, referring to 600 million euros instead of 600 billion. I have fixed that in the…

Here are the English-language links for 26 November.

Euro continues to weaken as US markets reopen from holiday; consolidative price action Thursday is being replaced by a return to trend today, with dollar broadly stronger, EM and “risk” broadly lower. European equities are down, and futures…