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Democratic Party lawmaker Guglielmo Epifani, right, flanked by Minister for the Relations with Parliament Dario Franceschini, second from right, and former party president Rosy Bindi, third from right, attends the Democratic Party convention, in Rome, Saturday, May 11, 2013.
Democratic Party lawmaker Guglielmo Epifani, right, flanked by Minister for the Relations with Parliament Dario Franceschini, second from right, and former party president Rosy Bindi, third from right, attends the Democratic Party convention, in Rome, Saturday, May 11, 2013.
(Alessandra Tarantino/AP)

BREAKINGVIEWS

Italy won’t take a bailout, but it might help

Reuters Breakingviews delivers agenda-setting financial insight. Its global correspondents react to stories as they develop, delivering sharp and provocative commentary on big financial news as it breaks.

How do you get Italy to reform? Former European Central Bank board member Lorenzo Bini Smaghi has the answer: force it into a bailout. The snag is that markets are extremely unlikely to play along.