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March 27, 2012

Monti Pulls a Thatcher

Wall Street Journal, Wall Street Journal

AP Photo

Italian Prime Minister Mario Monti has walked away from negotiations with Italy's labor unions and announced that he is going to move ahead with reforming the country's notorious employment laws—with or without union consent. If Rome is spared the fate that recently befell Athens, mark this as the week the turnaround began.

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TAGGED: Italy, Margaret Thatcher, Eurozone, Mario Monti

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