Equally bold steps are expected on other, decisive fronts, to which the Government is already committed: the efficiency of the taxation system and the fight against tax evasion; the public sector spending review, which will analyze every item to identify possible redundancies and savings; and the simplification of laws, institutions and practices that are blocking the country’s energies, reducing firms’ competitiveness and frustrating the expectations of the younger generations.
1. The sovereign debt crisis and the outlook for Italy  For two years now the global financial crisis has found a new and dangerous focus in the euro area.