The New Italian Goverment can't do as they wish
There is scarcely anything that drags a person down like debt.P. T. Barnum
the new government of Italy has some good ideas like lowering the income tax to 20% but the markets are not going to let them execute! it's a pity because as we are seeing with TRUMP lowering taxes boosts the economy big time.
From CNN
The populists envision a minimum basic income of €780 ($917) a month for the poorest Italians, funded by the state. The Five Star Movement said during the campaign that the basic income would cost €15 billion ($18.5 billion) a year.
Ratings agency Moody's warned last week it could cut Italy's credit rating -- already just two notches above "junk" status -- because the populists' plans risked weakening its fiscal position and stalling efforts to reform the economy.
From Bloomberg
Claudio Borghi, the euroskeptic head of the budget committee in the lower house, said in an interview with Corriere della Sera that Italy won’t be "hostage" to the markets.
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