Euro nations diverging after troubled decade, Italy’s Tria says

ROME: Eurozone governments haven’t learned the lessons of the financial crisis and are failing to promote policies aimed at convergence amid global economic uncertainty, the Italian finance minister said.

The monetary union’s “second decade showed a deterioration of the euro area performance which eroded the political and social consensus,” finance chief Giovanni Tria told a panel discussion at the Gaidar Forum in Moscow yesterday. “Ten years after the financial crisis we have not figured out what we need to do.”