.JUST considering it “provides me a stomach ache”, pointed out Italy’s money official, Giancarlo Giorgetti. He was describing a home-improvements subsidy that has actually become the financial substitute of Master Kong: a beast cutting loose, ruining the nation’s seldom-robust public profiles. On April 9th Mr Giorgetti revealed that claims of the aid, known as the “superbonus”, created in the four years that the scheme has been operating, in addition to insurance claims of another that offsets the price of restoring fau00e7ades, would eventually drain the treasury of EUR219bn ($ 233bn).
That is actually virtually 10% of Italy’s GDP in 2015. Just how on earth performed things get to this point?