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When the going gets tough, Italians get eating

New generation is discovering the recipes of austerity
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The late violinist Yehudi Menuhin eating pasta in an earlier age of austerity - just after the war in Venice. (AFP/Getty Images)

Thanks to The Guardian's Rome correspondent Tom Kington for providing the highlights of an article in La Repubblica about Italians' changing eating habits.

Apparently, Italians are rediscovering the hard-times recipes of their great grandparents as the country re-enters recession and money is tight.

The article contains some nifty recipes for stewed horse shoulder and pig's lung soup. We're talking very cheap cuts of meat here.

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European austerity by the numbers: in or out of the euro zone today's figures are grim.

Statistics prove yet again: cutting alone will not help an economy

The European economic numbers flow across my computer screen, not quite as quickly as the ticker tape crawl at CNBC or Bloomberg, but there are a lot of them and virtually every one is bad. And in or out of the euro zone, they all point to the same thing: austerity isn't working.

In Greece: the economy contracted by 7 percent in the last quarter. Since austerity budgets began to be implemented two years ago Greece's debt had jumped from 115 percent of GDP to 166 percent of GDP, the Guardian reports.

In Britain: Unemployment is at 8.4 percent according to the Office of National Statistics, a 16 year high (I have reported on other sources of unemployment statistics here).

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Eternit building executives convicted for asbestos-related deaths in Italy

The Turin court said that the executives didn't comply with safety rules, leading to an environmental disaster in Italy.

Syria: France, Britain and Italy recall ambassadors

European countries play what cards they have against Assad regime.

There is not a lot European countries can do to stop the Bashar al-Assad regime's onslaught against its own people - especially in light of this weekend's vetoing of a Security Council resolution by Russia and China.

Recalling ambassadors from Damascus for consultation is about the only card they can play. That is exactly what Britain, France and Italy have done. No word about the German government's intentions. But police in Berlin have arrested two men suspected of spying for Syria.

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Italy shipwreck captain Francesco Schettino must remain under house arrest, says court

The captain faces possible charges of manslaughter, shipwreck and abandoning ship over the January 13 incident. 

Italy: Car sex making a comeback

How the economic crisis revived the popular pastime of vehicular nookie in Naples.
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Fiat, the automobile of choice for Italian car sex. Here, Fiat 500 cars are shown on display at the Los Angeles Auto Show on November 17, 2011 in Los Angeles, California. (Kevork Djansezian/AFP/Getty Images)

In Italy, the automobile has been associated with romance for at least as long as the “'bamboccione“ (or “mama’s boy”) has been recognized as a cultural phenomenon.

While car sex isn’t an solely Italian invention, it was the Italians — southern Italians to be precise — who perfected the craft, The Independent reports.

It really is quite logical. More than one half of Italians aged 18 to 34 still live at home with their parents. In Naples, it’s more than two-thirds. For a lot of these folks, the only place to enjoy a bit of privacy is to seal oneself in a car.

The epicenter street of vehicular nookie in Naples has always been just one: Via Manzoni.

Via Manzoni was the place to be since the brothels were shut down in Italy in 1958. If you could find a parking spot, that is.

The old timers recall that the whole city used to be parked there, making love under the stars, typically in a compact Fiat, cursing the gear stick always getting in the way. This amorous pastime even sparked a thriving retail business along the road.

Makeshift stands sold Scotch tape and old newspapers (to cover the windows), contraband Marlboro, pirated music cassettes and coffee liqueur to help set the right mood.

Of course, the people who remember what car sex was like decades ago, think the modern version of it is a complete abomination.

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It's Europe, they do summits differently here

Leaders agree fiscal compact - details left for later
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The EU's Big Three: French President Nicolas Sarkozy, German Chancellor Angela Merkel and Italian Prime Minister Mario Monti at eysterday's summit in Brussels. (PHILIPPE WOJAZER/AFP/Getty Images)

EU leaders met in Brussels yesterday. By their standards things went well. Contentious pre-summit issues were kicked aside - in this case, Germany did not push for the right to install a budget czar in Greece. Agreement was reached on a new fiscal compact for the euro zone, although the details of what was agreed were left for later. A lot of money was pledged, enough to make a person wonder where it will come from given how indebted many European governments are.

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Austerity bites, pt. 2

Second thoughts about austerity cuts as the cure for what ails Europe's economies
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Retired hedge fund manager George Soros at Davos today. He expressed concern that the euro zone's austerity policies would create social unrest that would engulf Europe. (VINCENZO PINTO/AFP/Getty Images)

Austerity cuts seems to be the theme of my blog posts today. Heavily indebted European governments need to "deleverage," as the current buzz word has it, but how far and, crucially, how fast?

In Britain, despite warnings from the opposition Labour Party about the pace and size of cuts doing more harm than good, Britain's Conservative-led coalition government has reduced the size of government spending with abandon. Predictably Prime Minister David Cameron's austerity program has landed the country on the door-step of a double-dip recession. The economy contracted in the last quarter of 2011 by 0.2 percent.

At Prime Minister's Question Time today, Cameron contemptuously swatted away criticism from Labour leader Ed Miliband. But that is party politics. The IMF's chief economist Olivier Blanchard is no left-wing politician and he told the BBC today it would be wise for Cameron and his Chancellor of the Exchequer George Osborne to slow down the pace of the cuts.

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IMF report sharply downgrades global growth and blames the euro. European daily economic round-up

IMF dramatic revision of figures projects euro zone as a whole will be in recession in 2012

The IMF has sharply cut its growth forecast for the global economy this year and reason number one is the euro area. Just last September, in its World Economic Outlook, the IMF had projected world output to grow by 4 percent in 2012, now because of the euro zone debt crisis it expects growth of just 3.3 percent. The organization made clear what this dramatic reassessment means.

“Given the depth of the 2009 recession, these growth rates are too sluggish to make a major dent in very high unemployment,” the IMF said.

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The aircraft carrier USS Abraham Lincoln and its battle group have been on patrol in the Strait of Hormuz. Iran has threatened to close the Strait in response to EU sanctions on the import of Iranian oil. (U.S. Navy/AFP/Getty Images)

Is the Iran oil embargo another staggering step towards war?

The EU's Iran oil embargo had been expected but that doesn't mean it won't significantly up the temperature.

Julian Borger at The Guardian has a lengthy essay on what this means and how the EU action might lead Iran to indulge in " ... harassment of the oil trade that would drive the price of crude up and keep it up, very much to Iran's benefit, but fall short of a casus belli for war. However, exercising such options requires subtlety and fine judgment on all sides and that is by no means a given. "

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