Monday, December 5, 2011

Austerity Will Sink Italy

Italy has taken the step of approving major austerity legislation, announced by Italian Prime Minister Mario Monti. This will see significant cuts in government spending. The move is being heralded as a new turning point in the European Sovereign Debt Crisis and a step towards salvation. Unfortunately, there is one point that policy-makers are failing to grasp in dealing with the crisis. REVIEW FURTHER

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