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Italy’s incurable economy

Silvia Sciorilli Borrelli, (2019), “Italy’s incurable economy”, Politico, 13 May

Ιtaly’s economy is sick and the governing coalition can’t agree on the cure — among themselves or with Brussels. The European Commission said last week that the government’s flagship measures — an early retirement scheme and a citizens’ income (a monthly allowance for certain jobseekers) — failed to trigger the growth the League-5Stars coalition had envisaged. To make matters worse, the forecast from Brussels was that the deficit is growing, and in 2020 it will smash through the 3 percent deficit-to-debt ceiling imposed by EU rules, reaching 3.5 percent.

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