The Economic Outlook for Italy and the Future of the Eurozone
Member of the Governing Board, Deputy Director, Bank of Italy
Managing Director, Head of Emerging Markets and Global Credit Research, JPMorgan Chase & Co.
New Prime Minister Mario Monti faces the daunting task of reining in Italy's high public debt. Analysts say he will have to tackle fiscal irresponsibility to rebuild market confidence and prevent the eurozone's third largest economy from defaulting.
Salvatore Rossi, member of the governing board and deputy director general of the Bank of Italy, discusses the Eurozone crisis, the likely European Central Bank response, and the future of the Italian economy.
Should a functioning government fail to emerge in Italy, the eurozone could soon find itself engulfed in another round of expensive and controversial bailouts, says CFR's Charles Kupchan.