Pier Luigi Bersani — the leader of Italy’s liberal party (the PD) — is speaking this morning.
He’s attempting to form a government. Of the main candidates in the latest election, he’s the most likely to be successful, and become the next PM.
He has a good first priority.
#Italy‘s Bersani says he’d cut bureaucracy and size of parliament, reduce the IMU property tax. First priority: get out of “austerity cage.”
— Michael McKee (@mckonomy) March 6, 2013
The idea of loosening the austerity cage is growing a bit more popular in Europe.
Yesterday Bloomberg reported that EU Commissioner Olli Rehn said it may be appropriate to loosen some deficit targets.
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