By Isla Binnie MILAN (Reuters) – Classic tailoring received an injection of volume and humor from Giorgio Armani and a shot of bold color from Donatella Versace in Milan on Friday, as the city showed off Italy’s fashion industry amid political and economic uncertainty. Fashion fans filled Armani’s cavernous theatre and Versace’s venue, which was decked out with metal gates and ivy, on the third day of the city’s biannual women’s fashion week. Armani dressed models for his youth-focused Emporio Armani line in voluminous trousers pinstriped with lines of pearls, plexiglass neckties and oversized bowler hats. “It makes sense for them as a historical idea of fashion, but revised, adapted to their mentality.” Versace showed flowing fishtail gowns, long-sleeved shift dresses and figure-hugging trouser suits in bright red, petrol blue and green.