Could Italy Rekindle The Eurozone Crisis?
By Shareholders Unite:While everybody was focusing Greece and the European Central Bank (ECB), people were merely assuming that Italy under the hugely popular and zealously reforming Mario Monti had done enough to stop the rot of the Euro zone crisis right there, where it matters most. The question is, has he?First the good news. Monti is highly capable and highly popular. By the latest count, his technocratic government commands a 60%+ approval rating. That is huge, considering the amount of harsh reforms and austerity measures his government have pushed through in record time. He has done more for necessary Italian economic reforms in a couple of months than the previous governments in 20 years, and that is no exaggeration.And now he has arrived at his 'piece de resistance', labor market reforms. On the table are proposals that make it easier to fire people for economic reasons. Now, employees have recourseComplete Story »