How Matteo Renzi is trying to fix Europe's fourth largest economy—and why his ambition might not be enough
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Less than a month after Matteo Renzi was sworn in on Feb. 22 as Italy’s Prime Minister—at 39, he is the youngest in the country’s history—he traveled to Berlin to meet his most formidable European partner, the German Chancellor Angela Merkel. Italy’s creaking economy was at the top of the agenda. Burdened with record levels of debt—only Greece has a bigger load in the euro zone—the country is struggling to recover from its longest postwar recession. Aware of Merkel’s belief in strict budgetary discipline, Renzi was at pains to reassure her that his plans to revive the Italian economy would not involve a splurge in spending.