Italy, at last, gets a new government
After 88 days of intense negotiations, on June 1st,
Italy got their new Prime Minister: Giuseppe Conte. Conte’s cabinet is filled
with political novices whom are apart of the anti-establishment Five State
Movement and hard-right populists. On May 27th, the president Sergie
Mattarella, refused to swears in the populists’ finance minister, Paolo Savona.
One of his jobs will be to oversee the introduction of drastically lower tax
rates as a means to kick-start Italy’s slow-growing economy. Italy’s public-sector
debt is 130% of the GDP. Mr. Salvini has pledged to expel hundreds of thousands
of illegal immigrants. Guilia Bongiorno, one of 5 women in the cabinet, has
been given the job of reforming Italy’s tangled bureaucracy. If implemented,
the new cabinet’s tax cuts and spending increases threatens to send Italy’s
budget deficit out of control.
Gabbi Gruver
No comments:
Post a Comment