Flag of the European Union Italy’s coalition government came to power in May partly by winning an economic argument: The tight-budget “austerity” policies promoted by the European Union in the wake of the financial crises that began a decade ago were a sucker’s game, at least for slow-moving economies like Italy’s. Now the government finds itself in a battle of nerves with the rest of the 28-country E.U. that will test whether any government dedicated to this proposition can long endure.
The battle is over Italy’s budget, which fulfills most of the campaign promises of the two governing parties—the anti-corruption […]
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