Italy’s European Affairs Minister Paolo Savona has proposed that Italy invest €50 billion, or 2,7% of its GDP, into its debt crisis by stimulating growth rather than fiscal consolidation measures.
Savona, firebrand Eurosceptic is a former industry minister who served in the short-lived technocratic government of Carlo Azeglio Ciampi over two decades ago, was at the heart of a crisis that saw Italian bond yields surge and the formation of a government nearly derailed. The
He is a known as an op...
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