The Day After - What's Next for Italy?
November 13, 2011 ~ The Day After - What's Next for Italy? November 13, 2011 ~ "It has barely grown for a decade. It is trapped in an uncompetitive exchange rate and suffers from uncompetitive interest rates. It is dogged by dysfunctional politics, while being forced to embark on an austerity drive with no euro-zone growth strategy to compensate. And it remains at the mercy of a euro-zone government framework that at every turn has proven inadequate to the magnitude of the crisis it faces." (Wall Street Journal)
All the best to Mario Monti and Italy!