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For Rome, all roads seem to lead away from a single currency
When Italian prime minister Matteo Renzi confirmed last week that Rome would enter a bid to host the 2024 summer Olympic Games, it was a moment that divided the nation. How could the country afford the £10bn, or even £20bn-plus bill to stage the Olympics when the Italian economy has failed to grow in every quarter since 2011 and the national income is the same as it was in 1997? Renzi dismissed his critics, saying: “Our country too often seems hesitant. It’s unacceptable not to try... or to renounce playing the game.” What he meant was that Italy is a premiership team and should therefore be prepared to ... (full story)
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