Italy has made some progress on spending cuts, but reform seems to be slowing down at just the point when real gains could be locked in. The FT reports on Prime Minister Matteo Renzi’s announcement that the country will see spending cuts of €10 billion next year. That number, however, still leaves the country €6 billion behind the target savings the government was originally aiming at. Future savings gained by making the Italian government more efficient are promised, but the FT reports that some are skeptical these savings will materialize.
Read Full Article »
