The document discusses the challenges faced by the new Italian government, particularly in terms of labor market reforms and structural adjustments. It includes tables on labor market efficiency scores, growth response to structural reforms, and public support to European banks and sovereigns. The document also covers the IMF's role in sovereign debt crises and provides a historical perspective on sovereign debt prices in countries like Russia and Argentina. Additionally, it highlights unrelated good news such as improvements in US state and local tax collections and global inflation trends.
documents/EFTA01071575.pdf
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