Economy

How a home-improvement assistance is actually trashing Italy's social financial resources

.ONLY thinking of it "gives me a tummy pains", stated Italy's financing minister, Giancarlo Giorgetti. He was actually describing a home-improvements subsidy that has actually become the economic substitute of King Kong: a beast running amok, wreaking havoc on the nation's seldom-robust public profiles. On April 9th Mr Giorgetti disclosed that insurance claims of the subsidy, called the "superbonus", made in the 4 years that the scheme has been actually managing, together with claims of an additional that offsets the cost of refurbishing fau00e7ades, would eventually drain pipes the treasury of EUR219bn ($ 233bn). That is just about 10% of Italy's GDP in 2014. Just how on earth carried out traits reach this aspect?

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