February 24, 2014

Will Italy Accept Renzi's Reforms?

Milton Ezrati, The National Interest

The Associated Press

Renzi’s rhetoric certainly sounds encouraging to pro-reform elements in Italy and elsewhere in Europe. He has hit on well-known elements advanced by Monti, recommended by the Organization for Economic Cooperation and Development (OECD) and the International Monetary Fund (IMF), and successfully implemented in Germany a decade ago. His program would: (1) improve the competitiveness of Italian business and encourage hiring as well as business expansion by cutting payroll and business taxes, the so-called tax wedge between the cost to business of an employee and a workers’ take-home pay; (2) cut wasteful public spending and rationalize work incentives by consolidating welfare and unemployment benefits; (3) encourage business to hire more freely by easing stringent hiring and...

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TAGGED: Italy, Eurozone, Europe, Matteo Renzi


Sometime this week or next, if all goes to plan, 39–year–old Matteo Renzi will become the youngest prime minister in Italian history. He will form the nation’s 62nd government since 1945 and the fourth since its... more ››
February 15, 2014
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Dinmore & Segreti, Financial Times
The charismatic prime minister in waiting must prove he can deliver. more ››
February 13, 2014
Italy Back in Crisis: Prime Minister Resigns
Nick Squires, Telegraph
Italian politics was thrown back into crisis Thursday after Matteo Renzi, a 39-year old rising star of the Left, threw down the gauntlet and forced the resignation of Enrico Letta, the prime minister. more ››
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Sorry, Italy, You're in China's Seat
William Pesek, Bloomberg View
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Eurozone Crisis Is Just Getting Started
Jeremy Warner, Daily Telegraph
On the face of it, they seem worlds apart. Switzerland’s referendum vote against the free movement of labour, the ruling by the German Constitutional Court on the European Central Bank’s (ECB) attempts to save the euro, and... more ››