Economics
Italy Might Shake Off Crisis Without Having to Confront Economic Failings
- EU aid initiative quelled speculation on debt sustainability
- That brings moral hazard with it, economist Bitetti says
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Italy might just be succeeding yet again in shaking off a crisis without having to confront the failings of its economy.
The country, whose growth malaise looms most over the region, is set to become the biggest beneficiary of a European Union recovery plan that may form a blueprint for joint fiscal borrowing.