In spring, ambitious reforms began in Italy. Under Matteo Renzi, the ailing economy will either begin a real recovery, or slide further. The outcome is vital to Italy, Europe and the global economy.
Soon the name of Matteo Renzi, the new prime minister of Italy, will be known better internationally, after his meetings with German Chancellor Angela Merkel and President Obama.
Along with French President François Hollande, the two know only too well what’s at stake in Italy’s recovery. If it succeeds, the recovery of the euro zone will slowly continue. If not, the implications will be global.