A telling sign of this year's more austere MIPIM is the empty harbour. Once normally crammed with yachts vying for best position, this year just one vessel is moored off-shore: a military vessel.
This ship once formed part of the Italian defence strategy. Apparently it is being used for entertaining by the Italian defence ministry which has put an array of barracks, forts and other military sites in Italy up for sale as it rationalises its property portfolio.
