Italy Business Forecast Report Q2 2014 - New Market Research Report
Core Views We view positively the urgent structural reform agenda of new Prime Minister Matteo Renzi. However, we remain sceptical that he will be able to avoid the chronic instability, political infighting and rigid vested interests that that have in the past impeded reform efforts. Lack of significant structural reform in the previous years seriously jeopardises Italy's long-term growth trajectory, and raises the risks that the public sector debt burden will become unsustainable. Even if reforms aimed at addressing Italy's...
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