Five Star wants to change the constitution of the European Central Bank So it would seem Italy has a government. Now the fun will begin. It is always hard to know whether a political programme that has been pledged will actually be carried out. But if a significant portion of the Five Star/League plan is put into action it will be the greatest populist experiment in a sizable economy to date.
To take one measure, the fiscal boost, this looks like adding anywhere between 1% and 3% of GDP to the deficit. That makes Donald Trump’s tax cuts, expected to […]
Full Post at www.standard.co.uk