Daily Archives: January 17, 2013

The missing word in the election debate is competitiveness. Italy’s economy has lost competitiveness over the past decade or so. Internal labour costs have grown at a faster pace than productivity, and faster than in most of the rest of the world. Since the creation of the euro, Italy’s unit labour costs have risen by about 30 per cent more than the currency area average. Read more

The French operation risks following the same trajectory of early honeymoon and apparent success followed by a long, bitter and losing engagement with no clear exit strategy. Read more