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	<title>Italy &#8211; RFR</title>
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	<description>GLOBAL MACRO AND THEMATIC INDEPENDENT RESEARCH</description>
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	<title>Italy &#8211; RFR</title>
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		<title>The Deleveraging Mirage: A Careful Look at Italy Today</title>
		<link>https://richesflores.com/2013/02/03/the-deleveraging-mirage-a-careful-look-at-italy-today/</link>
		
		<dc:creator><![CDATA[Véronique Riches-Flores]]></dc:creator>
		<pubDate>Sun, 03 Feb 2013 20:37:29 +0000</pubDate>
				<category><![CDATA[Italy]]></category>
		<category><![CDATA[Sovereign Debt Crisis]]></category>
		<category><![CDATA[THEMATIC]]></category>
		<category><![CDATA[Spain]]></category>
		<guid isPermaLink="false">https://richesflores.com/?p=3018</guid>

					<description><![CDATA[Europe’s most distressed countries should see their debt peak in a year or two, before descending to more manageable levels by 2020. Or at least that’s what the IMF, the European Commission, and the credit rating agencies all claim. Coming on the heels of the 2012 crisis, this is a heartening forecast—but a pretty surprising one, too. Just what is it based on? We’ve examined these institutions’ various scenarios for Italy and Spain, whose mounting sovereign debt burden loomed large in 2012, and for France, where the sovereign debt outlook raises a whole host of questions]]></description>
		
		
		
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		<title>After a Summer Break, The Carrot and the Stick</title>
		<link>https://richesflores.com/2012/08/27/after-a-summer-break-the-carrot-and-the-stick/</link>
		
		<dc:creator><![CDATA[Véronique Riches-Flores]]></dc:creator>
		<pubDate>Mon, 27 Aug 2012 13:46:38 +0000</pubDate>
				<category><![CDATA[GLOBAL MACRO]]></category>
		<category><![CDATA[Sovereign Debt Crisis]]></category>
		<category><![CDATA[Spain]]></category>
		<category><![CDATA[Italy]]></category>
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					<description><![CDATA[After several weeks of major uncertainty, investors hailed the ECB’s promises of late July, and the month of August provided a welcome lull. The two key questions are how long it will be before they start demanding follow-through on those promises, and just what the much-awaited measures will entail. By requiring Spain and Italy to request assistance from the EFSF rescue facility before agreeing to purchases of their government debt, the European leaders will only drive the EU even further into the morass it has been mired in for more than two years. And a growing number of countries in the region will inevitably get dragged down in the process. Unfortunately, those leaders show little inclination to do otherwise.]]></description>
		
		
		
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