Love to know how they'll get it past the EU;
The EU is too busy wasting its own budget than to worry about Italy. But if I were a European/Italian taxpayer, I would be absolutely outraged by this, especially when private investors walk away with the good assets and none of the problems.
Or so they think! I believe that AZ will STILL be grossly overstaffed and inefficient. As an earlier post suggested, it's very very difficult to change a Company culture at the best of times, and the ingrained attitudes of AZ staff and Unions will make that nigh on impossible.
I would suggest that within 3 years we are doing this post all over again. There might be some justice after all, but not for the European taxpayer who just got shafted for 2 Billion Euros.