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Does Italy Need Reform?

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  • Description

    Jan Randolph of IHS Global Insight weighs in on the state of European markets.

  • Duration 2:11
  • Date

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At some of the things moving those market -- -- on Randolph director satirist that I HS at global insight in London.

-- -- as -- Italy needed any more problems right now is jobless rate jumped to a new record high rising unemployment was a big factor.

In the Italian elections -- how do you think these new numbers will impact how the government moves forward from here.

Well I think won't -- who can get a government it is clear -- the problem.

Italians aren't used coalition politics but they're gonna have to try and forge well.

-- -- another otherwise they're heading for new elections but the rising unemployment obviously had a bit of it but -- from parties lost ground because about.

And -- populist parties gained ground because of that protective buy stop movement.

It's almost here reflection of the recession two years long.

Although having said that there are positives and it's great I mean -- the strongest fiscal position.

-- -- -- into surplus so the country's increasingly -- financing itself.

-- has -- -- the public wants to do that time meanwhile we we were let go this nervousness throughout Europe but in the markets about where it he's headed.

-- and on that note at least one German politician has come out saying if -- -- Italian people won't support the measures needed to support the eurozone.

Then Italy should get out of the eurozone what's your take -- that.

Well that's it but that those questions have to be put the Italians that I notes quietly they -- served well.

But Italy needs reform reform will be it's politics it's expensive Italian politic as -- as much of German French.

British put together.

It also means reforming the economy become more competitive to lose -- out.

Some opens the populists have been hoping for all important parts of the agenda.

Including clinic powerful.

So the idea of leaving -- is -- is not a panacea.

If in fact political expediency it.

Avoid -- address the -- -- have been your economy -- -- politics and they need to be addressed.

Well we'll see having dress them -- -- and but I just global insight thanks again.

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