Italy’s Troubles Weigh On Eurozone
Italy is standing out as the European economy’s problem child. Again. Other countries that used to be the bearers of bad news — Spain, Greece, Ireland, Portugal — are slowly healing from the debt crisis that ravaged the currency union for much of the past five years. Italy, by contrast, slid back into recession in the second quarter. And efforts by Prime Minister Matteo Renzi to shake up the country’s bureaucracy-choked economy have slowed, just six months after he promised to strike swiftly.
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