Matteo Renzi, Italy's new prime minister, is keen to show off his pro-market zeal. His government has promised to speed up and extend the privatisation programme unveiled in November by his predecessor, Enrico Letta. Last month it endorsed plans by Finmeccanica, a conglomerate in which the state holds a controlling 30.2% stake, to sell its rail assets; the firm wants to focus on aerospace and defence. But a proper shake-up of Italy's state-controlled companies is a long way off.
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