August 22, 2014

Italy's Downward Spiral

Hans-Werner Sinn, Project Syndicate

AP Photo

Italy is now in a triple-dip recession. But it didn’t get there by itself. Yes, the economy’s long slide reflects Italian leaders’ failure to confront the country’s loss of competitiveness; but it is a failure that is widely shared in Europe.

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TAGGED: Eurozone, Europe, Italy

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