‘Everybody has to concede something. We need to turn the labour market into something that resembles a market.’ This was the relatively modest message Prime Minister Monti gave to a … [Read more...]
Monti and Italy’s Revival
At midday two weeks ago the yield on Italian 10 year bonds fell below 5% for the first time since November and the end of the Berlusconi regime. The yield held at levels around 4.8% for … [Read more...]
Monti Earns Respect for Italy
Mario Monti is beginning to reassert Italy’s role as a respected central player in Europe. As this observer has hoped, Monti is building on his meaningful domestic reform program and is … [Read more...]
Italy Can Lead the Way – Fiat’s Chrysler at Superbowl
Like much of Europe today, the US auto industry was regarded as a basket case just two short years ago. Detroit was about to join the list of smokestack cities. Germany’s Daimler wanted … [Read more...]
A Contrary View – The Case for Italy
In Japan a few weeks ago 8 Ferraris, 3 Mercedes and a Lamborghini were involved in a pile up with damage estimated at $4m. It sounds like a disaster but the silver lining is that Europe … [Read more...]
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