.JUST considering it “gives me a stomach pain”, stated Italy’s finance administrator, Giancarlo Giorgetti. He was referring to a home-improvements subsidy that has turned into the monetary substitute of Master Kong: a creature running amok, wreaking havoc on the country’s seldom-robust publicised accounts. On April 9th Mr Giorgetti revealed that cases of the aid, known as the “superbonus”, created in the four years that the scheme has actually been managing, along with insurance claims of yet another that offsets the price of refurbishing fau00e7ades, would ultimately drain pipes the treasury of EUR219bn ($ 233bn).
That is actually almost 10% of Italy’s GDP last year. How in the world did points come to this aspect?