In Italy and Greece, markets hint at recovery

By Jon Hay
26 Sep 2013

When does an economy turn the corner and start to recover? The UK thinks it has reached that point, as chancellor of the exchequer George Osborne declared on September 9: “our economic plan is working”.

In Italy, no one dares say as much yet. “Italy is the only country in the G7 still in recession,” said Luigi Ferraris, CFO of Enel, at a Euromoney conference this week. Italians hope next quarter will be the first with positive growth. But there is nothing to ...

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