David McWilliams: Italy is gradually going out of business

It is now very clear that Italy is going to become insolvent

11th December, 2016
Italian Prime Minister Matteo Renzi gives a speech after the results of the referendum on constitutional reforms at Palazzo Chigi Pic: Getty

A few weeks ago, I stayed in the Grand Hotel in Rimini. This place has real significance for Italian movie lovers because this was the base camp for the brilliant Italian director Federico Fellini.

Not only did Fellini use the Grand Hotel in Rimini as his set, but he died there too, in the suite upstairs that he used as his office.

Fellini loved the absurd, the ridiculous. His movies, with their outrageous casts of...

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