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Why Italy’s soaring stock market is a terrible investment

“There are no jobs. The factories are closing and they’re sending the work off to China or India or wherever. No one is spending any money and we don’t know what to do.”

The words could have been spoken by a frustrated Canadian or American but on this day they came from Luisa, our guide at one of Italy’s new and very expensive wineries in the up-and-coming Bolgheri district on Tuscany’s Mediterranean coast.