Time Is Running Out on Fiscal Cliff Deal

Dec. 28 (Bloomberg) -- Hans Nichols reports on the continuing fiscal cliff negotiations. He speaks on Bloomberg Television's "In The Loop." (Source: Bloomberg)

Padoan’s Plan to Reduce Italy’s Public Debt
43:20 - The expected decline of Italy’s public debt this year will mark a turnaround for the euro region’s third-biggest economy, changing financial markets’ skeptical view of the country, Finance Minister Pier Carlo Padoan said. “Given real growth and possibly given a bit more inflation, that is beyond our control of course, we will see dynamics of the debt accelerating downwards,” Padoan told Bloomberg Editor-In-Chief John Micklethwait in an interview in Rome on Monday. Italy government reporter John Follain and Berenberg Chief Economist Holger Schmieding discuss the outlook for Italy with Bloomberg’s Manus Cranny and Anna Edwards on “Countdown.”
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