EC Prods Italy toward Fiscal Restraint despite Being a European Community Founding Member, Italy Must Prove Its Sincerity over Political and Economic Reforms before EC Monetary Union. ITALY AND THE EUROPEAN COMMUNITY

Howard LaFranchi, writer of The Christian Science Monitor, The Christian Science Monitor

WITHIN the European Community's family of countries, Italy is like an older child who is endearing, talented, yet worryingly unruly, who despite his age requires an extra measure of discipline.

And Italy, cognizant as never before of the threats to its future within that family, is showing signs it is finally hearing - and heeding - the reprimands.

The intensifying warnings from EC officials and elsewhere in Europe focus on Italy's economic performance and the threat its high inflation, profligate public spending, and mounting debt pose for participation later in the decade in an EC monetary union and single currency.

But worry extends to the political …

Questia, a part of Gale, Cengage Learning. www.questia.com
Publication information: Article title: EC Prods Italy toward Fiscal Restraint despite Being a European Community Founding Member, Italy Must Prove Its Sincerity over Political and Economic Reforms before EC Monetary Union. ITALY AND THE EUROPEAN COMMUNITY. Contributors: Howard LaFranchi, writer of The Christian Science Monitor - Author. Newspaper title: The Christian Science Monitor. Publication date: August 1, 1992. Page number: 3. © 2009 The Christian Science Publishing Society. Provided by ProQuest LLC. All Rights Reserved.

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