We recently wrote about this in "Three Times But No Charm"
Italy's suffered negative growth since 2011 in 11 of the last 14 quarters as this chart from WolfStreet.com clearly illustrates. As pointed out Italy is the EU's third largest economy. If you were a baseball player 11 of 14 ain't bad. For a country in this case it ain't good.
http://wolfstreet.com/2014/08/06/italys-economic-recovery-from-hell-in-one-chart/
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