Italy long term GDP

Global Economy Matters: As Italy Enters It’s Fourth Recession Since 2000, Who Will Bail-Out Unicredit?: “Italy, which is still the eurozone’s third biggest economy, slipped into a recession in the third quarter. The Italian economy fell into what is now its fourth recession in less than a decade as gross domestic product shrank 0.5 percent from its level in the second quarter, when it contracted a revised 0.4 percent, the national statistics office said today. This is already Italy’s worst recession since 1992, and there is evidently more and worse to come.”

(…) this is no simple and ordinary “technical recession” and why the issue of where the money is going to come from to refloat Unicredit should the worst come to the worst, is the NUMBER ONE question facing the European bank bail out at this point in my humble opinion.

(Via Global Economy Matters.)