A significant overhaul of Italy’s education system was approved in a new victory for the prime minister. (Financial Times)
Greece and Slovenia lead on public spending cuts
Greece and Slovenia slashed public spending by over 10% in 2014, easily the largest falls across the EU, the bloc's statistical agency has revealed. (eu observer)
Russia tightens reins on Ruble as economy braces for shocks
Russia is asserting more control over its currency as crises from Greece to China create new vulnerabilities for the recession-hit economy. (Bloomberg)
Turkey cannot grow further upon existing model: MIT economist
The Turkish economy is grown upon state contributions, but this is not sustainable, MIT economist Daron Acemoğlu has said in an interview with Bloomberg HT. (Hurriyet Daily News)
Ukraine's sluggish action on reforms delayed receipt of loans
Ukraine's Finance Minister Natalie Jaresko has disclosed that the government failed to get $3bn in loans from the International Monetary Fund and World Bank this week because it has not complied with their demands for reform. (Radio Free Europe)
IMF could play its part to save Greece from the abyss
On matters of sovereign debt, the International Monetary Fund has been accused by some in recent years of being an intellectual provocateur. But, as the crisis in Greece rolls on, is it time for the IMF to consider following some of its own advice? (Financial Times)
