Italy joins the submerging nations Jonathan Pain | The Pain Report | 19 July 2011
In the past few weeks, it's become clear that Italy must now be included
in the group of submerging economies - and that portfolios should become
more cautious and defensive. |
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Edited transcript Unfortunately, Italy looks as if it has joined the submerging economies, a phrase I coined several years ago. The submerging nations are comprised of the US, UK, Japan, Iceland, Ireland, Greece, and Portugal - and now, I would incorporate Ita... |
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