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Italy's reversion to recession, coupled with its high debt levels, adds further strain the struggling Eurozone. Can the EU cope with Brexit, populism, and the systemic risks of Italy to the Eurozone?
https://www.nytimes.com/2019/01/31/business/italy-recession-europe-slowdown.html
Italy has officially slipped into recession, and Europe as a whole is essentially at an economic standstill, raising anxieties that the world is on the verge of a significant slowdown.
The timing could not be worse. The lousy performance of the Italian economy, reported on Thursday, is likely to aggravate relations between the European Commission and Italy’s populist government, which has pursued spending policies widely regarded as irresponsible. Leaders on the Continent are already dealing with Britain’s messy exit from the European Union.
https://www.nytimes.com/2019/01/31/business/italy-recession-europe-slowdown.html
Italy has officially slipped into recession, and Europe as a whole is essentially at an economic standstill, raising anxieties that the world is on the verge of a significant slowdown.
The timing could not be worse. The lousy performance of the Italian economy, reported on Thursday, is likely to aggravate relations between the European Commission and Italy’s populist government, which has pursued spending policies widely regarded as irresponsible. Leaders on the Continent are already dealing with Britain’s messy exit from the European Union.