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"The danger for Europe’s single currency seems to have abated," writes the weekly newspaper in its cover story, "yet the eurozone’s crisis is far from over."
The zone is in recession and Italy has the most serious structural problems to face. “If the eurozone’s third-biggest economy and its largest public debtor cannot reignite growth and generate new jobs, Italians will eventually lose hope or their northern neighbours will lose patience. […] Either way, the eurozone will fall apart.”
With next week’s election just around the corner, The Economist believes Italians must choose between “the good” (Mario Monti), “the bad” (Silvio Berlusconi) and “the broadly acceptable” (Pier Luigi Bersani). Either way, Italy’s decision will affect more than just the country.
