Headlines hitting the tape, “Italy and EU have agreed to reform measures…Italy will speed up fiscal consolidation timetable…Italy will introduce balanced budget rule in constitution…Reforms to include labor, welfare, infrastructure rules.” If there is one good thing out of this crisis it is these countries are finally learning the desperate need to liberalize their economies.

Category: MacroNotes

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3 Responses to “Italy finally getting off its…”

  1. Cynic_FA says:

    Hey – Anyone know why BAC and Citigroup PFD stocks were down 7% – 10% today? (BAC.D, C.W) I told my co-workers (based on absolutely no amount of knowledge) that either Citi or BAC is the AIG of the European debt crisis. Does anyone know in what way C or BAC might be stupid enough to have $100 billion of risk exposure to Europre?

  2. wally says:

    “desperate need to liberalize their economies”

    Oh-oh, wait until Quimby sees that word in there.

  3. franklin411 says:

    Baloney, Boockvar. A drug dealer puts a gun to your head and tells you to snort some coke or he’ll blow your head off. Would you say that you “finally learned the merits of snorting coke?”