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Before joining the euro Italian firms could use a decline in the value of the lira to compete on price with European and other competitors. The red tape, the length of time it take to enforce contracts, and the labor laws, have acted as disincentives for Italian firms to grow and increase productive use of capital. As a result the Italian economy is falling further behind. Growth of the economy since 2001 was 3%.
Grouped Articles
Gap in Competitiveness Weighs on Europe, Analysts Say
New York Times 01.15.2012
Can Italy Find Its Way? Resistance to Change Means Slow Recovery
Wall Street Journal 04.30.2014
Culture Built on Family Firms Tests Italy's Plan for Growth
Wall Street Journal 11.14.2011
Amid crisis, Italy confronts a culture of tax evasion - The Washington Post
Washington Post 11.25.2011
Wall Street Journal 12.07.2011
BusinessWeek 11.16.2011
Wall Street Journal 02.24.2012
Tax Cheats Become Italyâs Public Enemy
New York Times 03.09.2012
Wall Street Journal 03.27.2012
Wall Street Journal 06.26.2012
Italy Is Poised to Pass Labor Laws Most View as Flawed
New York Times 06.25.2012
Transcript: Italy's Labor Minister On Reforms
Wall Street Journal 06.26.2012
Italy Approves Labor Law Overhaul
Wall Street Journal 06.27.2012
Avoiding an Italian Bailout Isn't Just About the Numbers
Wall Street Journal 07.12.2012
Italy's Leader Calls Economic Efforts "a Very Tough War"
New York Times 07.11.2012
Wall Street Journal 07.19.2012
Richard Ginori, âthe Ferrari of Porcelain,â Struggles to Find a Buyer
New York Times 02.07.2013
Italy Needs a Growth Renaissance
Wall Street Journal 06.24.2011
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