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The Italian government intervenes to keep the Ilva steel plant with 12,000 employees in operation. The government restructuring plan will help avert the loss of jobs and cost to Italy of 0.5% of GDP if steel has to be imported. Emissions at the plant, a major issue for closure, will be tackled by upgrading the plant with new investment.
Grouped Articles
Italy Takes Oversight of Embattled Steel Plant
Wall Street Journal 12/01/2012
Steelmakers Gain Breathing Room
Wall Street Journal 12/06/2012
A Chokehold Choice in Italy's South
Wall Street Journal 12/07/2012
The head of Italy's statistics agency Istat, says Italy's manufacturing sector has performed quite well, but it is only one sixth of the economy. The larger services sector has suffered from a lack of investment in human capital and information technology, and is performing poorly, leading to larger expected declines in GDP than anticipated of 2.4% in 2012. There is a need to steer education in the direction of new job opportunities. This suggests that more than the changes to labor laws and related changes taken by Monti and Fornero will be needed to revive the Italian economy.
Grouped Articles
The Next First (and Only) 100 Days
New York Times 12/10/2011
Peterson and Hanushek: The Vital Link of Education and Prosperity
Wall Street Journal 09/11/2013
Italy’s train wars show the bumpy ride into competition - The Washington Post
Washington Post 10/29/2013
Italy: The Nation That Crushes Its Young
New York Times 10/30/2013
In Italy, High Payroll Taxes Stand in Way of Recovery
Wall Street Journal 11/18/2013
Italian Prime Minister to Resign, Clearing Path for Renzi
Wall Street Journal 02/14/2014
Grouped Articles
From Taxis to Tolls, Italy Seeks Competition Push
Wall Street Journal 01/19/2012
Germany's Inflated Fear of Inflation
Wall Street Journal 02/14/2012
The Rest of Europe vs. Germany
New York Times 02/16/2012
Mario Monti and Italy's Generational Crisis | Foreign Affairs
Foreign Affairs 02/14/2012
Wall Street Journal 03/27/2012
Italy's Labor Reforms Are Serious and Will Be Effective
Wall Street Journal 04/07/2012
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