Cracks Are Starting To Appear In Europe: ‘Austerity’ Ignites Mass
The Italian economy would not find their way out of the recession, according to the pessimistic assessment by Lars Feld: “The sustainability of Italian public finances is in jeopardy. The euro crisis will therefore return shortly with a vengeance.”
Apparently, the Italians were not ready to move on the path of reform that has been taken by Mr. Mario Monti, Field said.
“You can not expect that Italy’s European partners or the ECB will stabilize the Italian economy, when its people are not ready for reform.”
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