Europe Softening on Austerity May Accelerate Amid Course Change

Europe Softening on Austerity May Accelerate Amid Course Change

Alessia Pierdomenico/Bloomberg

The new Italian government’s pledges to dismantle parts of the budget-cutting project undertaken by ousted premier Mario Monti open a new front in the debate over the German-led policy of austerity to overcome the bloc’s debt crisis.