Friday's warning shot from S&P to Italy sent the Milan Stock Market plunging on Monday, and got everyone freaking out that this economic giant could find itself in the same mess as the rest of the PIIGS. So how bad, really, the Italian economy? Well, on the surface, it's no Greece or Spain, but it's pretty mediocre.

Topics:  s&p   italy   milan stock market   piigs   italian   greece   spain   bloomberg   gdp   cpi   ppi   march   retail   april   bad   big   

 

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