 CHANGING FORTUNES
Italy Awakes
Corporate restructuring in Italy has been slowed by the near-monopoly on investment banking of secretive, Milan-based Mediobanca. That grip ended with the death of its no-nagenarian chairman Enrico Cuccia last year, and already a slew of American banks have increased their presence in Italy. Likely result: a major speedup of restructuring among Italy's corporate sector, with foreign companies — the clients of those American banks — trolling for bargains. Expect some big cross-border deals involving Italy, especially in the banking sector.
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The Year Ahead
Politics
Business
Investing
Trends
- Fewer Marriages
- The German Exception
- Italy Awakes
- More Takeovers
- Auto Rout
- Luxury Goods Sale
- Euro Revival
- Oil Pressure
- Japan Opens
- Eastern Revival
- China Boom
Viewpoint: Pass the Buck
Technology
Arts & Media
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