Growth woes shaping Italy referendumROME -- The way Italian Prime Minister Matteo Renzi tells it, there is no economic case for him to quit, as he has vowed to do if he loses Sunday's referendum on constitutional reform. But still I have no choice but to live with my parents," the Naples-based electrician tells AFP. He works as a janitor in a school and earns 950 euros (US$1,000) a month — after a lifetime of work. After seizing power in an internal party coup, Renzi has overseen a slow but steady recovery following years of stagnation and recession. The fundamental problem is not that growth is anemic now, but that it has been for a decade and more, says Pietro Reichlin, an economics professor at Rome's Luiss university.

Source: The China Post December 01, 2016 16:07 UTC