Tag: taxes

Italy "Pitchfork Protests" Continue; "LettaSpeak" Translation; Nonworking Parts
December 15, 2013 0

Italy "Pitchfork Protests" Continue; "LettaSpeak" Translation; Nonworking Parts

By News Desk

The "pitchfork protests" in Italy have now gone on for a week. RT reports ‘Pitchfork’ protesters clash with police in week of anti-austerity rallies Protesters in several Italian cities have clashed with police amid anti-austerity protests which have lasted for almost one week. The so-called “Pitchfork†protesters are marching against cuts and calling for the government to resign.

IMF "Baseline Scenario" Projects Spain Unemployment Will Remain Above 25% for 5 Years with Little Growth
August 3, 2013 0

IMF "Baseline Scenario" Projects Spain Unemployment Will Remain Above 25% for 5 Years with Little Growth

By News Desk

I am normally critical of IMF forecasts, but their baseline unemployment projection for Spain of 25% or more with no more than .6% annual growth through 2017 seems reasonable. The pessimistic scenario is a toxic deleveraging downward spiral that continues right now. The optimistic scenario assumes 2% growth, but that scenario does not start until 2018, and only if labor reforms in Spain and Europe take place