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Business Daily: Italy: Europe's next big hurdle

25/03/2013

Italy: Europe's next big hurdle

BBC World Service - Business Daily, Italy: Europe's next big hurdle

Cyprus gets a bailout but will Italy's political gridlock be the eurozone's next hurdle?

Cyprus gets a bailout but could Italian political gridlock turn the eurozone toward turmoil once again? Business Daily comes from Rome.

This edition of Business Daily comes from Rome. European financial markets have been relatively benign since Mario Draghi, the head of the European Central Bank, famously said last year that he'd do "whatever it takes" to save the euro. But could the Cypriot bailout and political gridlock in Italy throw Europe into turmoil once again? Simon Jacks speaks to Emma Bonino, former vice-president of the Italian Senate, and Enrico Cucchiani, chief executive of Intesa Sanpaolo, Italy's biggest bank, about the prospect of Europe-wide bank runs. 

One of the problems facing Italy is labour market stagnation. Some blame the fact that 70% of Italian companies are family businesses with jobs passed from generation to generation. We visit one of them - a chocolate factory that's been run by the same family since 1923. And our regular commentator, Lucy Kellaway, discovers some corporate communication that she actually likes.

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