He's not technically wrong, though
- There is a lack of progress in the Italian jobs market
- Italy must be part of Europe debate
- ECB still sees consistent growth in the region but less strong
While Italy is suffering from economic isolation, the tough part is that it is also being singled out politically ahead of the European parliamentary elections in May. And Coeure's comments here is just further proof of that.
With regards to economic performance, while Italy is the standout in terms of how poor the economy is faring, it's not to say that others are in a beaming state either. So, that's something to be wary about and could come back and bite Coeure in the back side later.
