As I write, Alitalia has hours to submit its business plan to the Italian Civil Aviation Authority, and several unions have yet to agree.
In America the markets are on hold pending Congressional approval of the rescue plan. We need something, even if, as Anatole Kaletsky says in today's Times, it has not been fully thought through. I am told that something about moral hazard and something about holding back bonuses should see it scrape under the wire....
And in the UK, we wait to see if Gordon Brown has been saved by his wife.
Interesting times.
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