New Italy prime minister to move away from austerity

New Italy prime minister to move away from austerity

Press quote (Marketplace)
25 April 2013

Simon Tilford of the CER says investors are more likely to reward a government that stimulates growth and punish one that cuts: "All investors worry whether they are going to get their money back," says Tilford. "If they think they are not going to get their money back because an economy is performing so poorly that it’s not going to be able to pay its debts, then they are going to charge more to lend to that country."