Relatively cheap labor cost has long offered the country a competitive edge. Globalization has now sentenced the end of that growth model.
There's a lot of work to be done to take Italy out of the doldrums.
In particular, it will have to succeed in combining growth-enhancing measures with a debt consolidation process.
We should not underestimate the chances of a split parliament that would ultimately result in political paralysis.
Copyright © 2024 Electric Goat Media. All Rights Reserved.