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LORENZO CODOGNO

Jan 01, 2019 - The Banker

The soap opera of the Italian budget was still ongoing as 2018 was drawing to a close. Final decisions on fiscal targets are in sight but policy uncertainty is set to spill over into 2019. It all began with the March 2018 general elections and the doubling up of electoral promises that emerged from the alliance between the two victorious anti-establishment populist movements: Five Star and the League. In June, they found common ground and formed a government by combining two unrealistic policy p...