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Italy 2017: Back To Austerity

Minenna, Marcello, (2017), “Italy 2017: Back To Austerity”, Social Europe, 19 January

The political turmoil that followed the Renzi government’s resignation after the results of Italy’s referendum on constitutional reforms, the hurried appointment of the new executive and the endless emergency of Monte dei Paschi overshadowed the letter that the European Commission sent on December 5th to the outgoing administration. In concise terms, the letter confirmed what was already in the air: a significant gap between the deficit numbers in Italy’s budget plan for 2017 and those envisaged under the Fiscal Compact rules.

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