Economics
Italy’s Chance of a Lifetime for Economy Could Yet Be Wasted
- Government has both ECB backing to borrow and EU cash
- There are enough funds to permanently change the economy
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No Italian government has ever had so much cash at its disposal as Prime Minister Giuseppe Conte -- enough possibly to transform the region’s laggard economy.
But if that fiscal hoard swelled by European Union rescue funds and central bank-backed cheap borrowing is spent unwisely, it could become the biggest missed opportunity of a generation.