... lack of positive economic changes soon could seriously affect the government coalition's standing both inside and outside the country.
Whatever the case, the EU will still have to rescue the Italian economy. This is understandable: if the UK leaves, Italy will become the EU's third largest economy, accounting for 15% of the Union's total GDP. However, Brussels is growing ever more reluctant to save Rome: the EU has built up too much criticism of Italy over the past nine months: not only over the country's failure to observe financial discipline ...
... of the vulnerability and dependency of its domestic market on the West, Russia has realized that it is time to diversify its economy. This has made the development of joint ventures with foreign partners possible (mainly with the Chinese but also with ... ... will gradually normalize and that sanctions will be lifted as soon as early 2016.
Despite tensions between the EU and Russia, Italy is trying to maintain friendly relations with Russia also at a political level. Italian Prime Minister Matteo Renzi has ...
... people, this isn't definitely the way to give a positive impulse to the economy, considering also that unemployment for people aged under 25 peaks at an even more astonishing 43.1%.
The real issue, though, is subtler and even more worrisome for Italy and the EU economy in general. Indeed, while European exporters can't find new markets to overcome the shortage of demand induced by the sanctions, the Russian market is already replacing the old trade partners with new ones from areas outside Europe, which ...
