Global Insider: Italy’s Reforms Seek to Boost Competitiveness

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Italian Prime Minister Mario Monti approved major changes to the country’s labor laws last month, the latest of Italy’s attempts to overhaul its economy. In an email interview, Carlo Bastasin, a visiting fellow at the Brookings Institution who focuses on European politics and economics and author of “Saving Europe,” discussed Italy’s economy. WPR: What have been the major weaknesses of the Italian economy, with regard to its European and non-European trade partners? Carlo Bastasin: The two features that have distinguished the Italian economy are the high level of public debt and the low growth of the past 10 years. The […]

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