30.03.2017 - 16:47 [ Reuters ]

Italy privatization drive peters out as 2018 election moves closer

Renzi confirmed the same privatization target for this year before he resigned in December after Italians rejected his planned constitutional reform in a referendum, but the prospects for selling state assets have continued to dwindle.

With the ruling Democratic Party (PD) embroiled in a bruising leadership battle and elections slated for early 2018, senior PD members including Renzi himself have recently voiced doubts about whether privatizations are a good idea after all.