Amid the continued noise around Greece and Spain's ongoing debt woes, some good news from the eurozone's periphery has been almost overlooked as Italy has started to show signs of overcoming its many problems. The data is as complex and nuanced as any performance of Verdi, but with a contraction for next year forecast at 1 per cent, with the proviso that upgrades are on the cards, parts of the Italian economy seem to be at last getting into their beautifully designed stride.
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