A short time ago I wrote about an interesting conversation I had with a union rep while I was down at the 442 pub. This guy told me about the number of people who were struggling to meet mortgage payments.Well, guess what? Mario Draghi, the current head of the Bank of Italy, has made a couple of … [Read more...]
Sub-prime crisis Italian style?
October 7, 2007 By Leave a Comment
By now, most of the world has heard of the crisis in the sub-prime mortgage market in the United States. Many will also know about what appeared to be the near collapse of a major British lending institution, the Northern Rock.But what about the possibility of a similar crisis occurring in other … [Read more...]
Pumping out the scams
March 12, 2005 By Leave a Comment
The local news here in Lombardy has just reported that the Guardia di Finanza, the Financial police, have uncovered a large scale scam involving quite a few service stations, 24 in all. This was a high-tech attempt at fiddling. What the unscrupulous were doing was hacking in to the software on the … [Read more...]
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