Italy says it plans to raise the retirement age and sell real estate assets

It's too late.

Markets always overshoot. Citi from 50 to 1. Italy from 7% to +10%....

Ain't nothing anyone can do about it and certainly no messages from the government itself will change it.
 
Quote from Banjo:

If the Pope's hat collection comes up I'm a bidder.

Rumor has it in the world of internet conspiracies the Vatican is sitting on hundreds of billions of Dollars if not more.

Maybe they can buy some bonds....
 
Quote from Debaser82:

Rumor has it in the world of internet conspiracies the Vatican is sitting on hundreds of billions of Dollars if not more.

Maybe they can buy some bonds....

they didn't get there by making stupid decisions.
 
Quote from Debaser82:

Rumor has it in the world of internet conspiracies the Vatican is sitting on hundreds of billions of Dollars if not more.

Maybe they can buy some bonds....

Hopefully those billions aren't sitting in an Italian bank.
 
Quote from Debaser82:

Rumor has it in the world of internet conspiracies the Vatican is sitting on hundreds of billions of Dollars if not more.

Maybe they can buy some bonds....

That's hilarious. Rumor has it that they're nearly broke. You decide which is more likely.
 
Quote from atticus:

That's hilarious. Rumor has it that they're nearly broke. You decide which is more likely.

I didnt say I believe it...:p

But nearly broke?

Did you know if you were Italian and didnt have a will before the 80's all your belongings were transfered to the Vatican...
 
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