yet another reason why net worth should be emphasized instead of debt. Unless the Italian government gets a good deal by selling its assets (which is quite doubtful), sale of assets to pay debts likely reduces its net worth.
BTW, how much of this bandwidth was purchased by Berlusconi and his cronies? Sabri Oncu wrote: > http://www.reuters.com/article/2011/09/29/us-italy-asssets-idUSTRE78S5NK20110929 > > These guys are crazy, they are selling their natural monopolies for peanuts: > > "On a more modest scale, the Industry Ministry announced on Thursday > that the auction to sell Italy's fourth generation mobile frequencies, > which closed on Thursday, had raised almost 3.5 billion euros." -- Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
