.ONLY considering it “gives me a stomach ache”, stated Italy’s financing administrator, Giancarlo Giorgetti. He was actually describing a home-improvements aid that has actually developed into the fiscal equivalent of Master Kong: a monster running amok, damaging the nation’s seldom-robust public profiles. On April 9th Mr Giorgetti exposed that cases of the assistance, called the “superbonus”, made in the 4 years that the scheme has been running, together with claims of an additional that offsets the cost of remodeling fau00e7ades, will inevitably empty the treasury of EUR219bn ($ 233bn).
That is just about 10% of Italy’s GDP last year. Just how on earth performed things come to this factor?