Senior Correspondent, Greece
Deepa's Feed
Nov 23, 2011

Italy’s shadow economy moves into political spotlight

NAPLES, Italy (Reuters) – In the busy Naples square where she works, 18-year-old Arianna is a familiar sight as she darts back and forth from a cafe bearing trays with espresso and pastries.

With a bright blue apron, lip stud and cheerful smile, she is known to all except the Italian taxman — for whom the Neapolitan waitress has never existed and probably never will.

Nov 23, 2011

Greece faces last chance to stay in euro zone – central bank

ATHENS (Reuters) – Greece has one last chance to stay in the euro zone and needs an all-out effort to avoid being dragged back several decades, the country’s central bank warned on Wednesday.

In a blunt snapshot of the country’s precarious position, the Bank of Greece said failure to hit fiscal targets, delays in implementing reforms and a shrinking economy had undermined its earlier assessments on Greece’s debt being sustainable.

Nov 23, 2011

Greece faces last chance to stay in euro zone-c.bank

ATHENS, Nov 23 (Reuters) – Greece has one last chance
to stay in the euro zone and needs an all-out effort to avoid
being dragged back several decades, the country’s central bank
warned on Wednesday.

In a blunt snapshot of the country’s precarious position,
the Bank of Greece said failure to hit fiscal targets, delays in
implementing reforms and a shrinking economy had undermined its
earlier assessments on Greece’s debt being sustainable.

Nov 23, 2011
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