Rapid Italian economic growth is essential if Italy is to resolve its serious public debt and banking system problems. That in turn is needed if Italy is to regain investor confidence and to remain in the Euro.
However, Italy’s present political crisis makes it all the more likely that, far from achieving rapid economic growth, Italy will slip yet again into an economic recession. It also heightens the chances that in the run-up to its next parliamentary election, probably later this fall, Italy will have a full-blown debt crisis, which could threaten the global economic recovery.
Over the past decade, Italy’s […]
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