Detail That Sinking Feeling; Italy's Economy   Oleh:  [s.n] Jenis: Article from Bulletin/Magazine Dalam koleksi: The Economist (http://search.proquest.com/) vol. 401 no. 8759 (Nov. 2011), page 30. Topik: Debt; Economic Crisis; Economic Policy Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.69 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel Ever since the euro zone's sovereign-debt crisis began in earnest two years ago, the common fear has been that the sheer bulk of Italy meant it was too big for other countries to bail out, should it sink. Scared investors often rush into the big and liquid market for US Treasuries, despite anxieties about America's public finances. That safety-in-numbers logic ought to keep Italy from trouble, too. Some hope: Italian bonds are now a badge of shame for banks who are rushing to dispose of them. Their ten-year yields have jumped beyond 7% and, once euro-zone yields reach these levels, they tend to spiral out of control. Italy still has some world-class firms and brands, and an exporting prowess that could be built on. Yet it does not have enough firms of sufficient scale. The ubiquity of micro family businesses is related to Italy's rigid regulations, as are its tax-collecting problems. Small firms fall below the regulatory thresholds and are less often attached to the formal economy. If Italy is to carry its outsize public debts, it urgently needs to promote an environment where big businesses can flourish. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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