Getting closer to a powerful crisis response

Distrust. Not a bit of relief, quite the contrary! The debt crisis continues to spread – despite new governments, far-reaching restructuring measures and an intensified crisis management. But market participants’ distrust remains high. Italy is merely the most prominent example. Italy. Neither the political restart, nor the ambitious consolidation & reform package, the upcoming primary surpluses or a sustainable public-sector debt burden (even in a more unfavorable environment, pages 4-7)

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