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ArtikelRabbit in Headlights; Italy and the Euro  
Oleh: [s.n]
Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 400 no. 8745 (Aug. 2011), page 39-40.
Topik: International; Economic Crisis; Economic Planning; Government Executives
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    • Nomor Panggil: EE29.67
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Isi artikelHowever bad the economic crisis in southern Europe may be for investors, it is proving lethal for the area's political leaders. In March Jose Socrates, Portugal's beleaguered prime minister, resigned. Soon afterwards his Spanish counterpart, Jose Luis Rodriguez Zapatero, announced his intention to step down. In June George Papandreou, Greece's prime minister, came close to ejection during a fierce debate over an austerity package. So as he stood up to make the first of two eagerly awaited speeches to parliament on August 3rd, Italy's prime minister, Silvio Berlusconi, may have had an uneasy feeling he was one in a line of dominoes. If so, there was nothing in the style or content of his address to suggest it. Nor was there much to indicate that he appreciated the magnitude of the crisis facing the euro or the case for drastic action to tackle it. Many analysts argue that the euro's difficulties are beyond resolution by any one member. But Italy is crucial. It is the biggest country on the euro zone's troubled southern flank.
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