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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: shades who wrote (50909)1/23/2006 12:38:07 PM
From: mishedlo  Read Replies (2) | Respond to of 110194
 
Refusal to let the walking dead go broke prolongs and even fuels the agony
Mish

=DJ THE SKEPTIC: Italy Won't Let Alitalia Go Bust, Yet
.
By Luca Di Leo
A DOW JONES NEWSWIRES COLUMN

ROME (Dow Jones)--The Italian government is talking tough on Alitalia (AZA.MI), but that doesn't mean it's about to let the flagship carrier go bust less than 80 days before general elections.

On Monday it was Labor Minister Roberto Maroni's turn. He told La Repubblica that continued protests from workers could lead to Alitalia going bankrupt, and the state-controlled carrier's stock promptly fell more than 7%.
....



To: shades who wrote (50909)1/23/2006 1:51:56 PM
From: regli  Read Replies (1) | Respond to of 110194
 
I don't think that the issue is as simple as this. Airlines are also business infrastructure items. I don't think you'd want to take the car from Milan to Rome, Naples or Messina in order to do business. Air transportation and therefore a viable alternative has to be assured between key industrial hubs before they will let it go under.


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