.JUST dealing with it “gives me a stomach pains”, pointed out Italy’s finance administrator, Giancarlo Giorgetti. He was referring to a home-improvements assistance that has actually developed into the economic substitute of King Kong: a monster running riot, wreaking havoc on the nation’s seldom-robust public profiles. On April 9th Mr Giorgetti exposed that claims of the assistance, called the “superbonus”, made in the four years that the program has been managing, along with insurance claims of yet another that offsets the expense of restoring fau00e7ades, would at some point drain pipes the treasury of EUR219bn ($ 233bn).
That is nearly 10% of Italy’s GDP in 2015. Just how in the world performed things come to this factor?