Mercoledì, 17 Ottobre 2018

Financial Times slams 'Berlusconi's victory on property tax'


Rome, August 30 - British daily The Financial Times
on Friday slammed a government agreement in Italy this week to
cancel a controversial property tax known as IMU, calling the
"bad deal" an effort to buy time for the fragile left-right
coalition of Premier Enrico Letta by agreeing to demands from
ex-premier Silvio Berlusconi.
"It marks the triumph of short-term politics over Italy's
longer-term interests," said the editorial.
The deal forged Wednesday, after months of partisan
bickering, put an end to threats from Berlusconi to pull the
support of his center-right People of Freedom (PdL) party from
the government and force snap elections.
Now the government faces an estimated three-billion-euro
revenue gap as a result, and a pledge to cut the budget deficit
to less than 3% is at risk, as the European Union's announcement
it was studying the deal indicated Thursday.
"While (Berlusconi) may claim victory against rivals, Italy
is once again the loser," said the Financial Times.

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