The International Monetary Fund
complained that Italy had not done enough to address the problem
of impaired credit in its Article IV on the eurozone Tuesday.
"Progress has been too slow, with a reduction of just 5%
with respect to the peak in 2015," the IMF said.
The International Monetary Fund said that Italy, like France,
should take advantage of the recovery to reduce its debt and
should continue its reform drive.
The IMF said reforms should focus on competition in the
services and product markets and greater public sector
efficiency.
It also told Italy to link salaries to productivity and
continue reform of civil justice.
It also forecast that Italy's GDP will not get back to
pre-crisis levels until the middle of the 2020s.
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