Mario Monti faces political confrontation

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters
Mario Monti, prospective Italian PM met political resistance on creating a government as Italian borrowing costs surged and markets returned to downward trend, indicating concern on whether he will be able to tackle debt turmoil. Yesterday Monti strained to make parties agree on taking part in his new government. Monti pointed out that without their support he will not be able to end debt crisis.

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Tue, 15 Nov 2011 08:11:42 GMT

Mario Monti wants to stay until next elections

Mario Monti expressed his intention to be in charge of PM of Italy until elections in 2013 . It will be difficult for Italy to overcome financial problems, but the country is strong enough to survive, he said. Despite sound promises and start of formation of new administration, investors' confidence remains low and Italy's 10-year bonds still yield more than 6%.

Mon, 14 Nov 2011 15:07:26 GMT

Japan shows first signs of recovery after March's earthquake

Japan's GDP grew first time after March's earthquake; the indicator was up by 1.5% in Q3. However, analysts fear the growth is not sustainable because of strong yen and global fiscal problems. Moreover, floods in Thailand impacted Japanese supply chain thus affecting the recovery after slowdown.  Exports are also likely to fall thus hindering Japan's recovery, said Yamamoto.

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