By Antonio Pollio Salimbeni
In Italy, it is referred to as “the second round of the flexibility match” and the government is exercising optimism on the judgement that the European Commission is to present on its economic strategy. The first round was won two months ago: after three years of recession, when the Commission published its communication on the Stability and Growth Pact. This is good news for Rome, given the impossibility of forcibly reducing public debt even though Italy…