CLEAN: Italy wins Merkel praise as German economy slows

The transcript discusses Italy's swift implementation of economic measures to strengthen its economy and improve economic perspectives. It highlights the maturity of Italians in handling difficult measures. The speaker references the Tobin Tax, likening it to the Loch Ness monster, and discusses Italy's stance on supporting a European Union initiative for a public position on the tax. The conclusion emphasizes that Italy sees little sense in adopting the tax in isolation.

What position is the speaker's government willing to take regarding the European Union initiative?

Why does the speaker believe it does not make sense for Italy to isolate the form of tax mentioned?