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11 Signs That Italy Is Descending Into A Full-Blown Economic Depression

By Michael Snyder

When you get into too much debt, really bad things start to happen.  Sadly, that is exactly what is happening to Italy right now.  Harsh austerity measures are causing the Italian economy to slow down even more than it was previously.  And yet even with all of the austerity measures, the Italian government just continues to rack up even more debt.  This is the exact same path that [...]

Italy’s economy shrinks as EU leader warns of lost generation

Rachel Cooper
telegraph.co.uk
March 11, 2013

Data from Italy’s national statistics institute ISTAT showed that the country’s economy shrank by 0.9pc in the fourth quarter of last year and gross domestic product was down a revised 2.8pc year-on-year.

The economy was hobbled by chronically weak domestic demand and a fall in inventories, while exports posted modest growth.

Italy has been mired in recession since the middle of 2011 and is not expected to show any [...]

Steve Forbes & Biderman: U.S. Tax Hike Worse Than No Fiscal Deal. New Year Could See Immediate Recession At Worst, Slower Growth At Best!

 

Dec. 13 (Bloomberg) — Steve Forbes, chairman and chief executive officer of Forbes Inc., talks about fiscal negotiations in Washington and the outlook for Italy’s economy. Forbes speaks with Adam Johnson and Trish Regan on Bloomberg Television’s “Street Smart.” (Source: Bloomberg)

Biderman’s Daily Edge – New Year could see immediate recession at worst, slower growth at best

When The Economy Collapses In The USA, The People Go Shopping!

Steve Watson
Infowars.com
Nov 23, 2012

In Greece, with the economy collapsing, the people attempt to push through barricades where their political leaders are meeting:

In the US, with the economy collapsing, the people attempt to push through barricades at Victoria’s Secret to buy panties:

In Spain, with the economy collapsing, the people take to the streets in desperation, where clashes with police break out over austerity cuts:

In the US, with the economy collapsing, the [...]

Bank of Italy governor sees 2 percent GDP fall – paper

(Reuters) – Italy‘s economy will shrink about 2 percent in 2012 though signs of recovery could start to appear at the end of the year, Bank of Italy governor Ignazio Visco said in an interview.

Visco had previously expected a 1.5 percent contraction in gross domestic product (GDP), against a government forecast of -1.2 percent and a 2.4 percent decline seen by employers’ lobby Confindustria.

Italy has been in recession since the middle [...]