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Tag Archives: Italy

S&P Downgrades Italy!

As the Eurozone crises continues S&P has downgraded Italy’s sovereign rating by one notch! Italy’s sovereign rating has been downgraded from BBB+ to BBB. Italy’s poor economic prospects which seems to get worse with time passing is attracting much negative attention. Standard & Poor’s Ratings Services is downgrading Italy’s credit, saying the country’s economic prospects are getting weaker. S&P lowered its long-term ... Read More »

Amanda Knox Back in Court?

Amanda Knox could be dragged back into court for the murder of her roommate Meredith Kercher. The Supreme Court in Italy will decide on Monday if it should overturn Amanda Knox’s acquittal in the murder of a British exchange student in 2007, Meredith Kercher. Both Amanda Knox and Raffaele Sollecito were cleared in 2011 for the murder of Meredith Kercher. ... Read More »

Got Pets? Pay More Taxes!

We’re not kidding here. Can you believe that the Italy parliamentary commission had actually proposed a tax on pets. Presenting the “dog and cat tax”. If you have an “animal of affection” you got to pay more taxes. Now, who the hell came up with this idea? This law was proposed to raise revenue for debt-strapped cities and towns. What ... Read More »

Concordia cruise company unveils new vessel

A tragedy like the wreck of the Costa Concordia cruise liner “will not happen again,” the shipping line’s boss said Saturday as he unveiled a new luxury vessel to the public. A huge public relations exercise marked the entry into service of the 114,500 tonne Costa Fascinosa, sister-ship of the ill-fated Costa Concordia which ran aground and capsized off northwest ... Read More »

Cruise Ship accident kills 6 in Italy

Six people died in the early hours of Saturday after a cruise ship ran aground off the Italian coast in an accident which forced the coast guard to evacuate over 4,000 people, media reports said. The Costa Concordia was on a trip around the Mediterranean when it hit a reef near the Isola del Giglio late Friday. The local mayor ... Read More »